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

Comtech Telecommunications Corp. (NASDAQ:CMTL) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,010,000 shares, a growth of 16.1% from the November 15th total of 870,000 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average trading volume of 457,600 shares, the days-to-cover ratio is currently 2.2 days.

Comtech Telecommunications Trading Down 1.8 %

NASDAQ:CMTL traded down $0.06 on Monday, reaching $3.30. The company’s stock had a trading volume of 270,088 shares, compared to its average volume of 946,707. The firm has a market cap of $96.11 million, a price-to-earnings ratio of -0.70 and a beta of 1.57. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. Comtech Telecommunications has a 12-month low of $1.53 and a 12-month high of $8.71. The stock has a 50 day moving average price of $3.47 and a 200 day moving average price of $3.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Covestor Ltd acquired a new stake in shares of Comtech Telecommunications in the third quarter valued at $28,000. B. Riley Wealth Advisors Inc. acquired a new position in Comtech Telecommunications in the 2nd quarter valued at about $31,000. Point72 DIFC Ltd purchased a new stake in Comtech Telecommunications during the second quarter worth about $37,000. 272 Capital LP acquired a new stake in shares of Comtech Telecommunications during the third quarter worth about $94,000. Finally, Summit Securities Group LLC purchased a new position in shares of Comtech Telecommunications in the second quarter valued at approximately $82,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. B. Riley lowered their price target on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded shares of Comtech Telecommunications to a “sell” rating in a report on Tuesday, November 12th.

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.