Iridium Communications Inc (NASDAQ:IRDM) Sees Large Increase in Short Interest
MarketBeat
Iridium Communications Inc (NASDAQ:IRDM - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 12,780,000 shares, a growth of 47.4% from the August 31st total of 8,670,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is currently 5.4 days. Approximately 13.8% of the shares of the company are sold short. Approximately 13.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is currently 5.4 days.
NASDAQ:IRDM
