From MarketBeat:

Ceragon Networks Ltd. (NASDAQ:CRNT) saw a significant 43.3% decline in short interest in December, with a total of 123,600 shares short sold. The days-to-cover ratio is currently 0.5 days. 13.77% of the stock is owned by institutional investors and hedge funds.

Additionally, Ceragon Networks trading was up 0.9% with shares trading at $2.16. The company has a market cap of $182.20 million and a PE ratio of 43.20.

Ceragon Networks last issued its quarterly earnings data on November 6th, with a reported EPS of $0.05 and revenue of $87.26 million. The company is expected to post 0.11 EPS for the current year.

Wall Street analysts have commented, with Needham & Company LLC reiterating a “buy” rating and setting a $5.25 target price on shares. TheStreet upgraded Ceragon Networks from a “d+” rating to a “c-” rating.

Ceragon Networks provides wireless transport solutions for cellular operators and other wireless service providers using microwave and millimeter wave radio technology.



Read more: Ceragon Networks Ltd. (NASDAQ:CRNT) Short Interest Down 43.3% in December