KORE Group Holdings, Inc. (NYSE:KORE) Short Interest Down 21.3% in December

KORE Group Holdings, Inc. (NYSE:KORE) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 17,700 shares, a decrease of 21.3% from the November 30th total of 22,500 shares. Based on an average daily volume of 35,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, TD Cowen lifted their target price on shares of KORE Group from $2.00 to $2.50 and gave the company a “hold” rating in a report on Wednesday, November 20th.

Hedge Funds Weigh In On KORE Group

A hedge fund recently raised its stake in KORE Group stock. Renaissance Technologies LLC lifted its holdings in shares of KORE Group Holdings, Inc. (NYSE:KORE) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,200 shares of the company’s stock after buying an additional 6,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.57% of KORE Group worth $40,000 as of its most recent SEC filing. 57.45% of the stock is owned by institutional investors and hedge funds.

KORE Group Trading Up 28.4 %

Shares of KORE Group stock opened at $2.44 on Friday. KORE Group has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.18 and a current ratio of 1.30. The company has a market cap of $41.50 million, a P/E ratio of -0.35 and a beta of 2.33. The firm has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $2.15.

KORE Group Company Profile

KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.