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

Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 457,600 shares, the short-interest ratio is presently 2.2 days. Approximately 3.9% of the shares of the stock are sold short.

Comtech Telecommunications Stock Performance

Shares of CMTL stock traded down $0.06 during trading on Monday, reaching $3.30. The company had a trading volume of 270,088 shares, compared to its average volume of 946,707. Comtech Telecommunications has a one year low of $1.53 and a one year high of $8.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.83 and a quick ratio of 1.33. The firm's 50 day simple moving average is $3.45 and its two-hundred day simple moving average is $3.31. The company has a market capitalization of $96.11 million, a PE ratio of -0.70 and a beta of 1.57.

Hedge Funds Weigh In On Comtech Telecommunications

Hedge funds and other institutional investors have recently made changes to their positions in the business. 272 Capital LP bought a new stake in shares of Comtech Telecommunications in the 3rd quarter worth about $94,000. TCW Group Inc. bought a new position in shares of Comtech Telecommunications in the third quarter valued at about $3,452,000. Geode Capital Management LLC raised its stake in shares of Comtech Telecommunications by 10.6% in the third quarter. Geode Capital Management LLC now owns 346,840 shares of the communications equipment provider's stock worth $1,669,000 after acquiring an additional 33,305 shares during the last quarter. MML Investors Services LLC increased its position in Comtech Telecommunications by 39.5% in the third quarter. MML Investors Services LLC now owns 176,128 shares of the communications equipment provider's stock worth $847,000 after purchasing an additional 49,861 shares during the period. Finally, Penn Mutual Asset Management boosted its stake in Comtech Telecommunications by 62.7% in the third quarter. Penn Mutual Asset Management now owns 332,004 shares of the communications equipment provider's stock valued at $1,597,000 after acquiring an additional 128,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. B. Riley lowered their target price on Comtech Telecommunications from $12.25 to $9.25 and set a "buy" rating on the stock in a research note on Monday, November 4th. StockNews.com raised shares of Comtech Telecommunications to a "sell" rating in a research note 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.