() saw a notable increase in short interest for the month of may. On May 15th there were 381,100 short shares, an increase of 9.9% compared to the total of 346900 shares on April 30th. The days-to-cover is currently 3.2 days based on an average trading volume 118,400 share. At the moment, 1.5% are shorted.
Comtech Telecommunications: Hedge Funds weigh in
Recently, several large investors bought and sold the stock. Ameriprise Financial Inc. increased its stake in Comtech Telecommunications during the first quarter by 23.3%. Ameriprise Financial Inc. owns 143.150 shares in the communications equipment provider valued at $1.787,000, after buying an additional 27,027 during the last quarter. JPMorgan Chase & Co. increased its stake in Comtech Telecommunications during the first quarter by 1.9%. JPMorgan Chase & Co. owns 889.203 shares in the communications equipment provider valued at $11,097,000, after buying an additional 16,543 during the last quarter. State Street Corp increased its stake in Comtech Telecommunications during the first quarter by 2.2%. State Street Corp owns now 1,022,952 of the communications equipment providers stock, valued at $12.766,000. This is after buying an additional 22,195 share during the last quarter. Freshford Capital Management LLC purchased a new Comtech Telecommunications position during the first quarter, valued at $4.488,000. Geode Capital Management LLC increased its stake in Comtech Telecommunications during the first quarter by 7.3%. Geode Capital Management LLC owns now 524,012 of the communications equipment providers's stock worth $6,540,000, after purchasing additional 35,787 share during the last quarter. In a research report published on May 16th, Comtech Telecommunications shares were downgraded from a "hold" rating to a "sell".
Comtech Telecommunications Price Performance
On Wednesday, the stock fell $0.33 to $11.48. The trading volume was 626,797 compared to the average volume of 135,031. The company's moving average of $11.41 is higher than its 200-day average. The debt-to equity ratio for the company is 0.37. Its current ratio is 1.48, and its quick ratio 0.95. Comtech Telecommunications' 52-week low is $8.42, and its 52-week high is $16.87.
The last time ) released its quarterly earnings was on Thursday 9th March. Communications equipment provider reported ($0.23) per share earnings for the quarter. Comtech Telecommunications reported a return on equity (ROE) of 1.13%, and a net margin (net profit) of 4.10%. The company had revenue of $133.73 millions during the third quarter, which was higher than analyst expectations of $132.95. Analysts on the sell-side predict that Comtech Telecommunications' earnings per share will be 0.38 for this year.
Comtech Telecommunications Corp. provides emergency systems, wireless and satellite communication. It is divided into Satellite and Space Communication and Terrestrial and Wireless Networks. The Satellite and Space Communication Segment offers satellite ground stations technologies, services, and system integration to facilitate voice, video, and information transmission over GEO, MEO and LEO satellite constellations. This includes solid-state and travelling wave tube power amplifiers, modems and VSAT platforms.
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