Short Interest in Comtech Telecommunications Corp. (NASDAQ:CMTL) Rises By 12.8%

Comtech Telecommunications Corp. (NASDAQ:CMTL - Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 3,080,000 shares, a growth of 12.8% from the April 15th total of 2,730,000 shares. Based on an average daily trading volume, of 591,500 shares, the days-to-cover ratio is presently 5.2 days.

Comtech Telecommunications Stock Performance

Shares of Comtech Telecommunications stock remained flat at $1.78 during trading on Wednesday. The stock had a trading volume of 366,424 shares, compared to its average volume of 512,789. Comtech Telecommunications has a 1 year low of $1.53 and a 1 year high of $13.04. The firm's 50-day moving average is $2.94 and its two-hundred day moving average is $6.78. The stock has a market cap of $50.68 million, a price-to-earnings ratio of -1.08, a P/E/G ratio of 1.54 and a beta of 1.57.

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) last posted 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 business had revenue of $134.23 million for the quarter, compared to analysts' expectations of $152.85 million. On average, equities research analysts anticipate that Comtech Telecommunications will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comtech Telecommunications

Large investors have recently bought and sold shares of the business. Oak Thistle LLC purchased a new position in shares of Comtech Telecommunications in the 1st quarter valued at $66,000. Oxford Asset Management LLP purchased a new position in Comtech Telecommunications in the fourth quarter valued at about $105,000. SG Americas Securities LLC bought a new position in Comtech Telecommunications in the third quarter worth about $125,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Comtech Telecommunications during the fourth quarter valued at about $187,000. Finally, D.A. Davidson & CO. acquired a new stake in Comtech Telecommunications in the fourth quarter valued at approximately $189,000.

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.