ION Geophysical (IO) Reaches $30.70 After 8.00% Down Move; Wireless Telecomm Group (NYSEAMERICAN:WTT) Sellers Decreased By 28.48% Their Shorts

February 15, 2018 - By Winifred Garcia

Wireless Telecomm Group Incorporated (NYSEAMERICAN:WTT) had a decrease of 28.48% in short interest. WTT’s SI was 35,400 shares in February as released by FINRA. Its down 28.48% from 49,500 shares previously. With 91,900 avg volume, 0 days are for Wireless Telecomm Group Incorporated (NYSEAMERICAN:WTT)’s short sellers to cover WTT’s short positions. The SI to Wireless Telecomm Group Incorporated’s float is 0.18%. The stock decreased 0.47% or $0.01 during the last trading session, reaching $2.14. About 9,892 shares traded. Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT) has risen 12.78% since February 15, 2017 and is uptrending. It has underperformed by 3.92% the S&P500.

The stock of ION Geophysical Corporation (NYSE:IO) is a huge mover today! The stock decreased 2.69% or $0.85 during the last trading session, reaching $30.7. About 184,757 shares traded. ION Geophysical Corporation (NYSE:IO) has declined 32.43% since February 15, 2017 and is downtrending. It has underperformed by 49.13% the S&P500.The move comes after 5 months negative chart setup for the $369.08M company. It was reported on Feb, 15 by Barchart.com. We have $28.24 PT which if reached, will make NYSE:IO worth $29.53 million less.

ION Geophysical Corporation provides geoscience products, services, and solutions to the gas and oil industry worldwide. The company has market cap of $369.08 million. It operates through three divisions: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services. It currently has negative earnings. The E&P Technology & Services segment offers services to manage the entire seismic process, from survey planning and design to data acquisition and management, to final subsurface imaging and reservoir characterization.

Among 2 analysts covering Ion Geophysical Corp (NYSE:IO), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Ion Geophysical Corp had 4 analyst reports since August 10, 2015 according to SRatingsIntel. Zacks downgraded ION Geophysical Corporation (NYSE:IO) on Monday, August 24 to “Hold” rating. Cowen & Co maintained ION Geophysical Corporation (NYSE:IO) on Monday, August 24 with “Market Perform” rating. On Thursday, September 3 the stock rating was downgraded by Zacks to “Sell”. Zacks downgraded ION Geophysical Corporation (NYSE:IO) on Monday, August 10 to “Hold” rating.

Wireless Telecom Group, Inc., together with its subsidiaries, creates and makes radio frequency and microwave products for wireless and advanced communications industries in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company has market cap of $48.77 million. The firm operates in two divisions, Network Solutions, and Test and Measurement. It currently has negative earnings. It creates and makes a range of RF passive components and integrated subsystems for signal conditioning and distribution in the wireless infrastructure markets, such as distributed antenna systems (DAS), in-building wireless solutions industry, radio base-station market, and medical equipment sector.

Investors sentiment decreased to 0.6 in Q3 2017. Its down 0.73, from 1.33 in 2017Q2. It worsened, as 3 investors sold Wireless Telecom Group, Inc. shares while 7 reduced holdings. 5 funds opened positions while 1 raised stakes. 5.12 million shares or 2.55% more from 4.99 million shares in 2017Q2 were reported. National Bank Of Ny Mellon Corp stated it has 16,088 shares. Renaissance Technology Lc stated it has 0% in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT). Goldman Sachs owns 0% invested in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT) for 26,899 shares. Bank & Trust Of America De holds 0% in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT) or 12,400 shares. Frontier Inv Co reported 0% of its portfolio in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT). Nationwide Fund Advsr holds 0% or 5,122 shares. California Pub Employees Retirement Systems owns 67,592 shares. 33,120 were reported by Mariner Wealth Advisors Ltd Liability Corporation. Citadel Advsrs Ltd Co invested 0% in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT). Bridgeway Mngmt has invested 0% in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT). Dimensional Fund Limited Partnership has invested 0% in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT). Kessler Investment Group Incorporated Limited Liability Company invested in 200 shares. Fmr Ltd Liability invested 0% of its portfolio in Wireless Telecom Group, Inc. (NYSEAMERICAN:WTT). Kistler has 11,100 shares for 0.01% of their portfolio. Vanguard Group Incorporated accumulated 429,088 shares or 0% of the stock.

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