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Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Get Rating) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,420,000 shares, a growth of 15.4% from the November 30th total of 1,230,000 shares. Based on an average daily trading volume, of 316,700 shares, the short-interest ratio is presently 4.5 days. Approximately 3.3% of the shares of the company are sold short.
Insider Activity at Cogent Communications
In other Cogent Communications news, Director Marc Montagner acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $54.88 per share, with a total value of $548,800.00. Following the completion of the transaction, the director now directly owns 71,212 shares of the company’s stock, valued at approximately $3,908,114.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cogent Communications news, VP Raymond B. Kummer sold 4,800 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $58.01, for a total value of $278,448.00. Following the transaction, the vice president now owns 50,400 shares of the company’s stock, valued at $2,923,704. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc Montagner bought 10,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was purchased at an average cost of $54.88 per share, for a total transaction of $548,800.00. Following the acquisition, the director now owns 71,212 shares of the company’s stock, valued at approximately $3,908,114.56. The disclosure for this purchase can be found here. Insiders have sold 25,752 shares of company stock valued at $1,474,982 over the last ninety days. Insiders own 11.00% of…
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