Comtech Telecommunications Corp. (NASDAQ:CMTL) Short Interest Update

Comtech Telecommunications Corp. (NASDAQ:CMTL) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 950,700 shares, a drop of 6.8% from the December 15th total of 1,020,000 shares. Based on an average daily volume of 494,200 shares, the short-interest ratio is currently 1.9 days. Currently, 3.7% of the company’s shares are short sold.

Comtech Telecommunications Stock Down 1.1 %

NASDAQ CMTL traded down $0.03 during trading hours on Friday, hitting $2.63. 355,597 shares of the company were exchanged, compared to its average volume of 606,960. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. The firm has a market cap of $76.59 million, a price-to-earnings ratio of -0.56 and a beta of 1.52. The company has a 50 day moving average of $3.43 and a two-hundred day moving average of $3.44. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $8.18.

Comtech Telecommunications (NASDAQ:CMTL) last issued its earnings results on Monday, January 13th. The communications equipment provider reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.88). Comtech Telecommunications had a negative net margin of 18.50% and a positive return on equity of 2.38%. Equities research analysts anticipate that Comtech Telecommunications will post -0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

CMTL has been the topic of several research reports. StockNews.com raised Comtech Telecommunications to a “sell” rating in a research note on Thursday, January 2nd. B. Riley lowered their price objective on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating for the company in a research note on Monday, November 4th.

Institutional Investors Weigh In On Comtech Telecommunications

Institutional investors have recently modified their holdings of the company. Covestor Ltd acquired a new stake in Comtech Telecommunications in the third quarter valued at $28,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Comtech Telecommunications during the 2nd quarter worth about $31,000. Point72 DIFC Ltd purchased a new stake in Comtech Telecommunications during the second quarter worth approximately $37,000. 272 Capital LP acquired a new position in Comtech Telecommunications in the third quarter valued at approximately $94,000. Finally, B. Riley Financial Inc. purchased a new position in Comtech Telecommunications in the third quarter valued at approximately $155,000.

About Comtech Telecommunications

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.