Short Interest in Telesat Corp (NASDAQ:TSAT) Drops By 18.0%

Telesat Corp (NASDAQ:TSAT) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 77,700 shares, a decrease of 18.0% from the December 31st total of 94,800 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 61,400 shares, the days-to-cover ratio is presently 1.3 days.

Telesat Price Performance

NASDAQ:TSAT traded up $1.12 during trading hours on Thursday, hitting $19.11. The company’s stock had a trading volume of 127,528 shares, compared to its average volume of 60,927. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.36 and a quick ratio of 4.36. The company has a market capitalization of $260.66 million, a P/E ratio of 7.81 and a beta of 2.25. Telesat has a twelve month low of $6.93 and a twelve month high of $19.61. The stock has a fifty day simple moving average of $16.02 and a 200-day simple moving average of $12.75.

About Telesat

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.