Gogo Inc (NASDAQ:GOGO) Has Increase in Shorts

May 27, 2018 - By Peter Erickson

Gogo Inc. (NASDAQ:GOGO) Logo

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.34, from 0.95 in 2017Q3. It is positive, as 22 investors sold Gogo Inc. shares while 27 reduced holdings. 24 funds opened positions while 39 raised stakes. 62.18 million shares or 9.61% more from 56.73 million shares in 2017Q3 were reported.
Hodges Management owns 2.13M shares. Financial Advisers Llc stated it has 0% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Mycio Wealth Partners Ltd Llc has invested 0.08% in Gogo Inc. (NASDAQ:GOGO). Raymond James Finance owns 18,945 shares or 0% of their US portfolio. Ubs Asset Mgmt Americas owns 45,550 shares. Coe Cap Ltd Llc stated it has 67,645 shares or 0.81% of all its holdings. Amer Group Inc stated it has 38,406 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement System reported 59,788 shares stake. Moreover, Pub Employees Retirement Of Ohio has 0.01% invested in Gogo Inc. (NASDAQ:GOGO). Morgan Stanley invested in 242,435 shares or 0% of the stock. Ims Cap Mgmt holds 29,766 shares. Swiss Bancorp owns 93,800 shares. Glenmede Trust Na has invested 0% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Millennium Mgmt Limited Company has 0% invested in Gogo Inc. (NASDAQ:GOGO). United Ser Automobile Association reported 61,440 shares.

Since March 8, 2018, it had 3 buys, and 0 selling transactions for $1.98 million activity. $931,780 worth of stock was bought by TOWNSEND CHARLES C on Thursday, March 8. Thorndale Farm – Inc. bought $994,373 worth of stock or 187,529 shares.

The stock of Gogo Inc (NASDAQ:GOGO) registered an increase of 12.51% in short interest. GOGO’s total short interest was 32.82 million shares in May as published by FINRA. Its up 12.51% from 29.17M shares, reported previously. With 738,900 shares average volume, it will take short sellers 44 days to cover their GOGO’s short positions.

The stock increased 5.77% or $0.28 during the last trading session, reaching $5.13. About 2.88M shares traded or 90.73% up from the average. Gogo Inc. (NASDAQ:GOGO) has declined 18.49% since May 27, 2017 and is downtrending. It has underperformed by 30.04% the S&P500.

Gogo Inc., through its subsidiaries, provides in-flight connectivity and wireless in-cabin digital entertainment solutions to the aviation industry in the United States and internationally. The company has market cap of $446.33 million. The firm operates through three divisions: Commercial Aviation North America , Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). It currently has negative earnings. The CA-NA segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America.

Gogo Inc. (NASDAQ:GOGO) Ratings Coverage

Among 7 analysts covering Gogo Inc (NASDAQ:GOGO), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. Gogo Inc had 7 analyst reports since February 15, 2018 according to SRatingsIntel. JP Morgan downgraded the stock to “Neutral” rating in Friday, February 23 report. On Wednesday, March 7 the stock rating was downgraded by Guggenheim to “Neutral”. The stock of Gogo Inc. (NASDAQ:GOGO) has “Sell” rating given on Friday, February 23 by Northland Capital. On Friday, February 23 the stock rating was downgraded by J.P. Morgan to “Hold”. On Monday, May 21 the stock rating was downgraded by UBS to “Neutral”.

More notable recent Gogo Inc. (NASDAQ:GOGO) news were published by: Fool.com which released: “Why Gogo Inc. Shares Fell 11% Today” on May 08, 2018, also Seekingalpha.com with their article: “Gogo bear Northland urges bailout amid unsustainable spending” published on May 18, 2018, Nasdaq.com published: “Here’s Why Gogo Inc. Shares Crashed Today Despite Solid Q1 Results” on May 04, 2018. More interesting news about Gogo Inc. (NASDAQ:GOGO) were released by: Seekingalpha.com and their article: “Gogo decline accelerates in continued sell-off” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Gogo’s (GOGO) CEO Oakleigh Thorne on Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018.

Gogo Inc. (NASDAQ:GOGO) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: