Voyager Technologies, Inc. (NYSE:VOYG) Short Interest Up 56.3% in September

Key Points

• In September, short interest in Voyager Technologies, Inc. (NYSE:VOYG) surged by 56.3% to a total of 1,970,000 shares, indicating a growing bearish sentiment among investors.
• The company reported a quarterly revenue of $45.67 million, exceeding analysts' expectations, despite posting an earnings per share loss of ($0.60), which was below the forecasted loss of ($0.27).
• Analysts currently have a mixed outlook on the stock, with a majority rating of “Moderate Buy” and an average price target of $47.71, despite some firms downgrading their ratings in recent reports.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,970,000 shares, a growth of 56.3% from the September 15th total of 1,260,000 shares. Currently, 3.9% of the company's shares are short sold. Based on an average daily trading volume, of 945,600 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 945,600 shares, the short-interest ratio is presently 2.1 days. Currently, 3.9% of the company's shares are short sold.

Voyager Technologies Price Performance

NYSE VOYG traded down $2.14 during trading hours on Wednesday, hitting $31.04. The company had a trading volume of 932,641 shares, compared to its average volume of 1,224,310. The firm has a 50 day moving average of $31.13. Voyager Technologies has a 1-year low of $26.10 and a 1-year high of $73.95.

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.33). The company had revenue of $45.67 million for the quarter, compared to analysts' expectations of $35.44 million. During the same period in the prior year, the company posted ($1.29) EPS. Voyager Technologies's revenue for the quarter was up 24.5% compared to the same quarter last year. Voyager Technologies has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Voyager Technologies

A number of large investors have recently modified their holdings of VOYG. Senvest Management LLC acquired a new position in Voyager Technologies during the 2nd quarter worth approximately $110,514,000. Dorsey & Whitney Trust CO LLC bought a new position in Voyager Technologies during the second quarter worth $41,607,000. Balyasny Asset Management L.P. acquired a new stake in Voyager Technologies in the second quarter worth $38,997,000. Alliancebernstein L.P. acquired a new stake in Voyager Technologies in the 2nd quarter valued at approximately $24,720,000. Finally, Liberty Street Advisors Inc. acquired a new stake in Voyager Technologies in the second quarter worth approximately $21,384,000.

Analysts Set New Price Targets

VOYG has been the subject of several analyst reports. Wall Street Zen cut shares of Voyager Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. KeyCorp initiated coverage on Voyager Technologies in a report on Monday, July 7th. They set an "overweight" rating and a $50.00 price target for the company. Wolfe Research began coverage on Voyager Technologies in a research report on Monday, July 7th. They set an "outperform" rating and a $50.00 price target for the company. Weiss Ratings restated a "sell (d)" rating on shares of Voyager Technologies in a report on Wednesday, October 8th. Finally, Bank of America lowered their price objective on shares of Voyager Technologies from $50.00 to $41.00 and set a "buy" rating for the company in a research note on Monday, August 25th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $47.71.

About Voyager Technologies

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.