Comtech Telecommunications Corp. (NASDAQ:CMTL – Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 2,730,000 shares, an increase of 25.8% from the March 31st total of 2,170,000 shares. Based on an average trading volume of 559,800 shares, the days-to-cover ratio is currently 4.9 days.
Hedge Funds Weigh In On Comtech Telecommunications
A number of institutional investors have recently bought and sold shares of CMTL. Oak Thistle LLC acquired a new stake in shares of Comtech Telecommunications in the 1st quarter valued at $66,000. Oxford Asset Management LLP bought a new stake in Comtech Telecommunications in the fourth quarter valued at $105,000. SG Americas Securities LLC acquired a new position in Comtech Telecommunications during the third quarter worth $125,000. Bailard Inc. bought a new position in shares of Comtech Telecommunications during the third quarter valued at $147,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Comtech Telecommunications in the 4th quarter worth about $187,000.
Comtech Telecommunications Trading Down 7.4 %
CMTL traded down $0.15 on Tuesday, hitting $1.88. 570,527 shares of the company’s stock were exchanged, compared to its average volume of 533,729. The firm has a market cap of $53.52 million, a PE ratio of -1.11, a P/E/G ratio of 1.83 and a beta of 1.46. The stock has a fifty day moving average of $4.00 and a two-hundred day moving average of $7.47. Comtech Telecommunications has a twelve month low of $1.53 and a twelve month high of $13.04.
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.
Featured Articles
- Five stocks we like better than Comtech Telecommunications
- Pros And Cons Of Monthly Dividend Stocks
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Ride Out The Recession With These Dividend KingsĀ
- Hilton Demonstrates Asset Light is Right for Investors
- What is the NASDAQ Stock Exchange?
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Comtech Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.