KORE Group Holdings, Inc. (NYSE:KORE) Short Interest Update

KORE Group Holdings, Inc. (NYSE:KORE) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 117,500 shares, an increase of 20.0% from the February 28th total of 97,900 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 201,300 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of KORE Group

A hedge fund recently bought a new stake in KORE Group stock. Vectors Research Management LLC purchased a new position in shares of KORE Group Holdings, Inc. (NYSE:KORE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,430 shares of the company’s stock, valued at approximately $111,000. Vectors Research Management LLC owned approximately 0.20% of KORE Group as of its most recent filing with the Securities and Exchange Commission (SEC). 57.45% of the stock is owned by hedge funds and other institutional investors.

KORE Group Trading Down 2.4 %

Shares of NYSE:KORE traded down $0.06 during trading on Thursday, hitting $2.45. 6,125 shares of the stock were exchanged, compared to its average volume of 74,263. The company has a market cap of $41.67 million, a PE ratio of -0.35 and a beta of 1.85. The company has a fifty day moving average price of $2.46 and a two-hundred day moving average price of $2.14. KORE Group has a 12-month low of $1.10 and a 12-month high of $4.88.

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.