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4 Stocks Undervalued By To Target Price With Short Covering

Shares shorted have decreased from 26.52M to 24.89M over the last month, a decrease which represents about 3.37% of the company's float of 48.35M shares. Days to cover ratio at 15.12 days.

3. Boingo Wireless, Inc. ( WIFI): Provides mobile Wi-Fi Internet solutions. Market cap at $202.73M, most recent closing price at $5.69.

Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $6.5. This implies a potential upside of 17.75% from current levels around $5.52.

Shares shorted have decreased from 1.80M to 1.53M over the last month, a decrease which represents about 1.32% of the company's float of 20.38M shares. Days to cover ratio at 12.09 days.

4. ZAGG Inc. ( ZAGG): Designs, manufactures, and distributes protective coverings, audio accessories, and power solutions for consumer electronic and hand-held devices, under the invisibleSHIELD, ZAGGaudio, and ZAGGskins brand names, primarily in the United States and Europe. Market cap at $224.81M, most recent closing price at $7.18.

Of the 6 analysts that have set a target price on the stock, the lowest price target stands at $9. This implies a potential upside of 23.62% from current levels around $7.28.

Shares shorted have decreased from 8.52M to 8.08M over the last month, a decrease which represents about 1.76% of the company's float of 24.97M shares. Days to cover ratio at 10.56 days.
 

- Rebecca Lipman, Kapitall Editor

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