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

Comtech Telecommunications Corp. (NASDAQ:CMTL) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 870,000 shares, an increase of 16.2% from the October 31st total of 748,600 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 434,200 shares, the short-interest ratio is presently 2.0 days.

Comtech Telecommunications Trading Down 3.0 %

Shares of NASDAQ:CMTL traded down $0.10 during midday trading on Friday, hitting $3.39. 221,287 shares of the stock were exchanged, compared to its average volume of 499,997. The business’s 50-day moving average price is $3.64 and its 200 day moving average price is $3.20. Comtech Telecommunications has a 12 month low of $1.53 and a 12 month high of $12.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. The stock has a market capitalization of $97.87 million, a price-to-earnings ratio of -0.72 and a beta of 1.61.

Institutional Investors Weigh In On Comtech Telecommunications

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Comtech Telecommunications by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,455,621 shares of the communications equipment provider’s stock worth $4,993,000 after purchasing an additional 10,111 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Comtech Telecommunications in the 1st quarter valued at about $81,000. Summit Securities Group LLC acquired a new stake in shares of Comtech Telecommunications in the second quarter valued at about $82,000. XTX Topco Ltd increased its stake in shares of Comtech Telecommunications by 306.2% in the second quarter. XTX Topco Ltd now owns 85,779 shares of the communications equipment provider’s stock valued at $260,000 after buying an additional 64,659 shares during the period. Finally, Point72 DIFC Ltd bought a new position in shares of Comtech Telecommunications during the second quarter worth about $37,000.

Analysts Set New Price Targets

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

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.