Gilat Satellite Networks Ltd. (NASDAQ:GILT) Short Interest Down 23.2% in January

Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 190,000 shares, a decrease of 23.2% from the December 31st total of 247,500 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 286,700 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Several analysts recently weighed in on GILT shares. StockNews.com upgraded Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 15th. Needham & Company LLC reissued a "buy" rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Thursday, January 16th.

Hedge Funds Weigh In On Gilat Satellite Networks

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in Gilat Satellite Networks during the 3rd quarter worth approximately $27,000. Virtu Financial LLC bought a new position in Gilat Satellite Networks in the 3rd quarter valued at about $61,000. GSA Capital Partners LLP bought a new stake in Gilat Satellite Networks during the 3rd quarter worth approximately $140,000. PDT Partners LLC raised its stake in shares of Gilat Satellite Networks by 51.1% in the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider's stock worth $145,000 after purchasing an additional 9,287 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Gilat Satellite Networks by 60.9% in the third quarter. Van ECK Associates Corp now owns 35,984 shares of the communications equipment provider's stock valued at $175,000 after purchasing an additional 13,625 shares in the last quarter. 35.72% of the stock is currently owned by institutional investors.

Gilat Satellite Networks Trading Up 2.3 %

NASDAQ GILT traded up $0.16 on Thursday, hitting $7.09. The company's stock had a trading volume of 184,839 shares, compared to its average volume of 438,937. The firm has a market cap of $404.27 million, a PE ratio of 24.45 and a beta of 0.57. Gilat Satellite Networks has a 1-year low of $4.04 and a 1-year high of $7.51. The company's 50-day moving average is $6.18 and its 200 day moving average is $5.30. The company has a quick ratio of 1.84, a current ratio of 2.17 and a debt-to-equity ratio of 0.01.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.