DASAN Zhone Solutions Inc (NASDAQ:DZSI) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 109,600 shares, a decline of 8.1% from the June 15th total of 119,200 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is presently 1.2 days.
In other DASAN Zhone Solutions news, CFO Mikhail Golomb acquired 10,256 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $9.75 per share, with a total value of $99,996.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 66.10% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of DASAN Zhone Solutions by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after purchasing an additional 3,320 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DASAN Zhone Solutions by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock worth $1,438,000 after purchasing an additional 9,381 shares during the last quarter. Northern Trust Corp raised its stake in shares of DASAN Zhone Solutions by 1.5% in the fourth quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock worth $849,000 after purchasing an additional 876 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of DASAN Zhone Solutions in the second quarter worth approximately $617,000. Finally, Geode Capital Management LLC raised its stake in shares of DASAN Zhone Solutions by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock worth $647,000 after purchasing an additional 2,744 shares during the last quarter. 16.32% of the stock is currently owned by institutional investors and hedge funds.
DZSI stock traded up $0.03 during trading on Wednesday, reaching $10.40. 663 shares of the stock were exchanged, compared to its average volume of 71,456. The business’s 50 day simple moving average is $12.28. DASAN Zhone Solutions has a twelve month low of $9.10 and a twelve month high of $15.59. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $175.37 million, a price-to-earnings ratio of 52.00 and a beta of 0.41.
DASAN Zhone Solutions (NASDAQ:DZSI) last posted its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.25. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. The business had revenue of $74.09 million for the quarter, compared to the consensus estimate of $73.00 million. As a group, sell-side analysts predict that DASAN Zhone Solutions will post 0.47 EPS for the current year.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.
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