Is TOWERSTREAM CORP (OTCMKTS:TWER)’s Fuel Running Low? Reports Show More Sellers

June 13, 2018 - By Dolores Ford

Towerstream Corporation (OTCMKTS:TWER) Logo

The stock of TOWERSTREAM CORP (OTCMKTS:TWER) registered an increase of 10.05% in short interest. TWER’s total short interest was 23,000 shares in June as published by FINRA. Its up 10.05% from 20,900 shares, reported previously. With 2,100 shares average volume, it will take short sellers 11 days to cover their TWER’s short positions. The short interest to TOWERSTREAM CORP’s float is 6.46%.

It closed at $2.7 lastly. It is down 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Towerstream Corporation, together with its subsidiaries, provides fixed wireless broadband services over a wireless network transmitting over regulated and unregulated radio spectrum to commercial clients in the United States. The company has market cap of $1.07 million. The company??s wireless broadband service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data, and video services. It currently has negative earnings. It serves business clients in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno, and Providence-Newport.

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