Telesat Corp (NASDAQ:TSAT) Short Interest Update

Telesat Corp (NASDAQ:TSAT - Get Free Report) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 77,700 shares, a decline of 18.0% from the December 31st total of 94,800 shares. Currently, 0.7% of the company's stock are sold short. Based on an average trading volume of 61,400 shares, the days-to-cover ratio is presently 1.3 days.

Telesat Stock Down 2.3 %

TSAT traded down $0.43 on Monday, reaching $18.00. The company's stock had a trading volume of 27,025 shares, compared to its average volume of 58,573. The stock has a market cap of $245.52 million, a price-to-earnings ratio of 7.41 and a beta of 2.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.36 and a quick ratio of 4.36. The business's 50 day moving average is $16.40 and its 200 day moving average is $12.98. Telesat has a 1 year low of $6.93 and a 1 year high of $19.61.

Telesat Company Profile

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.