As of Jun 27, 2018 Uniti Group Inc (NASDAQ:UNIT) Sellers Decreased Their Shorts By 7.6%

June 27, 2018 - By Georgina Andrews

Uniti Group Inc (NASDAQ:UNIT) had a decrease of its short interest by 7.6%. It was announced in June by FINRA the 25.39 million short interest on UNIT. The down change of 7.6% from 27.48 million shares was reported. With Average volume 1.67M, UNIT’s previous position will take 15 days to restore. Uniti Group Inc float short is 15.51%.

The stock decreased 2.17% or $0.46 during the last trading session, reaching $20.7.Currently Uniti Group Inc. is downtrending after 19.29% change in last June 27, 2017. UNIT has also 1.24M shares volume. The stock underperformed the S&P500 by 31.86%.

Uniti Group Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications industry in the United States and Mexico.The firm is worth $3.72 billion. It operates in four business divisions: Leasing, Fiber Infrastructure, Towers, and Consumer CLEC.Currently it has negative earnings. The firm engages in the acquisition and leasing of mission-critical communications assets, such as fiber, data centers, consumer broadband, coaxial and upgradeable copper assets.

Another two news for Uniti Group Inc. (NASDAQ:UNIT) were recently published by: Seekingalpha.com on June 07, 2018 with title “Uniti Group: Breaking Away From Windstream”. The other Seekingalpha.com‘s article was titled “Uniti Means Opportunity” and published on June 18, 2018.

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