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

Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,650,000 shares, an increase of 28.9% from the February 13th total of 1,280,000 shares. Currently, 5.8% of the company's stock are short sold. Based on an average daily volume of 569,000 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Comtech Telecommunications to a "sell" rating in a report on Thursday, January 2nd.

Comtech Telecommunications Price Performance

Shares of NASDAQ CMTL traded up $0.01 during midday trading on Friday, reaching $1.94. The company's stock had a trading volume of 375,531 shares, compared to its average volume of 967,355. The stock has a market capitalization of $56.93 million, a P/E ratio of -0.20 and a beta of 1.55. The firm has a 50 day moving average price of $2.18 and a 200-day moving average price of $3.11. Comtech Telecommunications has a 12-month low of $1.53 and a 12-month high of $5.16.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The communications equipment provider reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01). Comtech Telecommunications had a negative return on equity of 8.76% and a negative net margin of 48.97%. The business had revenue of $126.57 million during the quarter, compared to analysts' expectations of $117.00 million. On average, equities analysts predict that Comtech Telecommunications will post -2.38 EPS for the current year.

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Institutional Trading of Comtech Telecommunications

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new position in shares of Comtech Telecommunications during the 4th quarter valued at approximately $27,000. Bank of America Corp DE lifted its stake in Comtech Telecommunications by 7.9% in the fourth quarter. Bank of America Corp DE now owns 109,194 shares of the communications equipment provider's stock valued at $438,000 after purchasing an additional 8,006 shares during the last quarter. Williams Jones Wealth Management LLC. bought a new position in Comtech Telecommunications during the fourth quarter valued at $40,000. Marshall Wace LLP purchased a new stake in Comtech Telecommunications in the fourth quarter worth $44,000. Finally, Northern Trust Corp raised its stake in shares of Comtech Telecommunications by 13.8% in the fourth quarter. Northern Trust Corp now owns 91,225 shares of the communications equipment provider's stock valued at $366,000 after buying an additional 11,062 shares during the period.

Comtech Telecommunications Company Profile

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.