Could Tucows Inc (NASDAQ:TCX) Change Direction After More Shorts?

July 13, 2018 - By Jenna Rose

Tucows Inc. (NASDAQ:TCX) Logo

Investors sentiment decreased to 1.17 in 2018 Q1. Its down 0.27, from 1.44 in 2017Q4. It fall, as 6 investors sold Tucows Inc. shares while 23 reduced holdings. 11 funds opened positions while 23 raised stakes. 5.68 million shares or 5.62% more from 5.38 million shares in 2017Q4 were reported.
Susquehanna Limited Liability Partnership invested in 150,685 shares or 0% of the stock. Blackrock accumulated 436,503 shares or 0% of the stock. Great West Life Assurance Com Can, Manitoba – Canada-based fund reported 800 shares. 8,751 are owned by Aqr Cap Mngmt Ltd Liability Co. Bancorporation Of Montreal Can invested in 5,853 shares or 0% of the stock. Van Berkom Associate owns 660,778 shares. Ubs Asset Mngmt Americas Inc stated it has 4,400 shares or 0% of all its holdings. Moreover, Royal Bank Of Canada has 0% invested in Tucows Inc. (NASDAQ:TCX) for 5,306 shares. Bnp Paribas Arbitrage holds 0% or 1,930 shares. Comml Bank Of New York Mellon, a New York-based fund reported 25,450 shares. Pembroke Mgmt Ltd reported 3.26% of its portfolio in Tucows Inc. (NASDAQ:TCX). Price T Rowe Assoc Incorporated Md accumulated 429,763 shares or 0% of the stock. Legal And General Grp Public owns 1,705 shares. Citigroup Inc stated it has 3,844 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys owns 7,373 shares.

Since March 22, 2018, it had 0 insider purchases, and 4 insider sales for $1.52 million activity. Schwartz Jeffrey Nathan sold $936,650 worth of stock. Another trade for 500 shares valued at $33,012 was sold by Stocks Jody.

The stock of Tucows Inc (NASDAQ:TCX) registered an increase of 1.44% in short interest. TCX’s total short interest was 2.48M shares in July as published by FINRA. Its up 1.44% from 2.44M shares, reported previously. With 70,600 shares average volume, it will take short sellers 35 days to cover their TCX’s short positions. The short interest to Tucows Inc’s float is 30.56%.

The stock increased 0.68% or $0.4 during the last trading session, reaching $59.4. About 74,812 shares traded or 2.55% up from the average. Tucows Inc. (NASDAQ:TCX) has risen 4.98% since July 13, 2017 and is uptrending. It has underperformed by 7.59% the S&P500.

Tucows Inc. provides network access, domain name registration, email, mobile telephony, and other Internet services in the United States, Canada, and Germany. The company has market cap of $629.32 million. It operates in two divisions, Network Access Services and Domain Services. It has a 27.12 P/E ratio. The Network Access Services segment offers mobile and fixed high-speed Internet access services under the Ting brand, and Internet hosting and network consulting services.

Another recent and important Tucows Inc. (NASDAQ:TCX) news was published by Fool.ca which published an article titled: “Tucows Inc. (TSX:TC): Buy on the Dip?” on July 09, 2018.

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