Global Eagle Entertainment Inc (NASDAQ:ENT) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 384,000 shares, a growth of 42.7% from the June 30th total of 269,100 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is presently 0.3 days. Currently, 12.9% of the shares of the company are short sold.
An institutional investor recently raised its position in Global Eagle Entertainment stock. Renaissance Technologies LLC lifted its stake in shares of Global Eagle Entertainment Inc (NASDAQ:ENT) by 851.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,286 shares of the company’s stock after buying an additional 130,915 shares during the period. Renaissance Technologies LLC owned about 0.16% of Global Eagle Entertainment worth $73,000 as of its most recent SEC filing.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Global Eagle Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. ValuEngine cut Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Northland Securities cut shares of Global Eagle Entertainment from an “outperform” rating to a “market perform” rating in a research report on Monday, July 13th.
About Global Eagle Entertainment
Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.
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