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

Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,730,000 shares, an increase of 25.8% from the March 31st total of 2,170,000 shares. Based on an average trading volume of 559,800 shares, the short-interest ratio is currently 4.9 days.

Comtech Telecommunications Price Performance

Shares of CMTL stock traded down $0.15 during trading on Tuesday, reaching $1.88. The company had a trading volume of 570,527 shares, compared to its average volume of 533,729. The firm's 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $7.47. Comtech Telecommunications has a one year low of $1.53 and a one year high of $13.04. The company has a market capitalization of $53.52 million, a PE ratio of -1.11, a PEG ratio of 1.83 and a beta of 1.46.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last announced its quarterly earnings results on Monday, March 18th. The communications equipment provider reported ($0.21) EPS for the quarter, missing the consensus estimate 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 company had revenue of $134.23 million for the quarter, compared to analyst estimates of $152.85 million. Analysts forecast that Comtech Telecommunications will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Comtech Telecommunications

Hedge funds have recently bought and sold shares of the company. Oak Thistle LLC acquired a new stake in shares of Comtech Telecommunications in the first quarter worth $66,000. Oxford Asset Management LLP acquired a new stake in Comtech Telecommunications in the 4th quarter worth $105,000. SG Americas Securities LLC bought a new position in shares of Comtech Telecommunications during the 3rd quarter worth about $125,000. Bailard Inc. acquired a new position in shares of Comtech Telecommunications during the third quarter valued at about $147,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Comtech Telecommunications during the fourth quarter valued at about $187,000.

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.