FuboTV Inc. (NYSE:FUBO) Short Interest Up 8.4% in November

FuboTV Inc. (NYSE:FUBO) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 39,230,000 shares, an increase of 8.4% from the November 15th total of 36,190,000 shares. Based on an average daily volume of 10,070,000 shares, the days-to-cover ratio is currently 3.9 days.

FuboTV Price Performance

Shares of NYSE FUBO remained flat at $1.47 during mid-day trading on Tuesday. The company had a trading volume of 10,616,250 shares, compared to its average volume of 10,726,156. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $491.12 million, a PE ratio of -2.22 and a beta of 1.74. FuboTV has a 1 year low of $1.10 and a 1 year high of $3.55. The business has a 50-day simple moving average of $1.57 and a 200-day simple moving average of $1.48.

Wall Street Analysts Forecast Growth

FUBO has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $2.00 price objective on shares of FuboTV in a report on Monday, August 19th. Seaport Res Ptn lowered FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, FuboTV presently has a consensus rating of “Hold” and a consensus price target of $2.88.

Insider Transactions at FuboTV

In other news, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the completion of the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the transaction, the chief financial officer now owns 76,766 shares of the company’s stock, valued at approximately $112,846.02. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On FuboTV

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after purchasing an additional 4,461,707 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of FuboTV by 13.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock worth $1,330,000 after purchasing an additional 127,978 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in FuboTV by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after buying an additional 9,229 shares during the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.