Telesat Corp (NASDAQ:TSAT - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 142,800 shares, an increase of 80.8% from the January 15th total of 79,000 shares. Currently, 1.2% of the company's stock are sold short. Based on an average daily volume of 61,800 shares, the days-to-cover ratio is currently 2.3 days.
Telesat Stock Down 5.6 %
Shares of TSAT stock traded down $1.28 during trading hours on Monday, hitting $21.49. 91,816 shares of the company were exchanged, compared to its average volume of 52,065. The stock has a market capitalization of $293.15 million, a price-to-earnings ratio of 8.84 and a beta of 2.25. Telesat has a one year low of $6.93 and a one year high of $23.62. The business's 50-day simple moving average is $17.72 and its two-hundred day simple moving average is $13.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of TSAT. Aristeia Capital L.L.C. bought a new stake in shares of Telesat during the 4th quarter valued at about $649,000. Millennium Management LLC bought a new position in shares of Telesat during the fourth quarter worth about $368,000. Trexquant Investment LP bought a new position in Telesat in the 4th quarter worth about $223,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Telesat by 12.2% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company's stock valued at $1,654,000 after purchasing an additional 10,900 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Telesat by 1,395.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock valued at $43,000 after buying an additional 2,456 shares during the last quarter.
About Telesat
(
Get Free Report)
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.
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