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

Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,170,000 shares, a growth of 45.6% from the March 15th total of 1,490,000 shares. Based on an average daily trading volume, of 505,100 shares, the short-interest ratio is presently 4.3 days.

Comtech Telecommunications Trading Down 12.6 %

Shares of CMTL stock traded down $0.34 during trading hours on Friday, reaching $2.33. 583,020 shares of the company's stock were exchanged, compared to its average volume of 860,169. The stock's 50 day moving average is $5.00 and its 200-day moving average is $7.98. Comtech Telecommunications has a fifty-two week low of $2.32 and a fifty-two week high of $13.04. The company has a market cap of $66.20 million, a price-to-earnings ratio of -1.37, a P/E/G ratio of 2.08 and a beta of 1.45.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last issued its earnings results on Monday, March 18th. The communications equipment provider reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.45). Comtech Telecommunications had a negative net margin of 4.02% and a negative return on equity of 0.25%. The firm had revenue of $134.23 million during the quarter, compared to analysts' expectations of $152.85 million. Equities analysts anticipate that Comtech Telecommunications will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Comtech Telecommunications

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in Comtech Telecommunications by 510.9% during the first quarter. Tower Research Capital LLC TRC now owns 3,476 shares of the communications equipment provider's stock worth $44,000 after acquiring an additional 2,907 shares during the period. Captrust Financial Advisors grew its stake in shares of Comtech Telecommunications by 402.2% during the 2nd quarter. Captrust Financial Advisors now owns 5,318 shares of the communications equipment provider's stock worth $48,000 after purchasing an additional 4,259 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Comtech Telecommunications during the 3rd quarter valued at approximately $54,000. Osaic Holdings Inc. increased its holdings in Comtech Telecommunications by 93.6% in the second quarter. Osaic Holdings Inc. now owns 8,006 shares of the communications equipment provider's stock valued at $73,000 after buying an additional 3,870 shares in the last quarter. Finally, Point72 Middle East FZE acquired a new position in Comtech Telecommunications in the 2nd quarter worth about $93,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Comtech Telecommunications from a "hold" rating to a "sell" rating in a research report on Wednesday, December 20th.

Comtech Telecommunications Company Profile

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.

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