November 29, 2016 - By Dolores Ford · 0 Comments
The stock of Comtech Telecommun Corporation (NASDAQ:CMTL) registered an increase of 10.86% in short interest. CMTL’s total short interest was 873,800 shares in November as published by FINRA. Its up 10.86% from 788,200 shares, reported previously. With 420,900 shares average volume, it will take short sellers 2 days to cover their CMTL’s short positions. The short interest to Comtech Telecommun Corporation’s float is 3.87%. About 133,870 shares traded hands. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 52.31% since April 26, 2016 and is downtrending. It has underperformed by 57.57% the S&P500.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The company has a market cap of $267.26 million. The Firm operates through two divisions: Commercial Solutions and Government Solutions. It currently has negative earnings. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.80, from 1.88 in 2016Q1. The ratio dived, as 15 funds sold all Comtech Telecomm. Corp. shares owned while 28 reduced positions. 33 funds bought stakes while 48 increased positions. They now own 19.76 million shares or 52.85% more from 12.93 million shares in 2016Q1.
Wellington Gru Ltd Liability Partnership holds 0% or 22,300 shares in its portfolio. Swiss Commercial Bank holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 35,000 shares. Blackrock Group Ltd owns 30,431 shares or 0% of their US portfolio. Barclays Public Ltd last reported 4,318 shares in the company. Renaissance Limited Liability Corporation holds 0.01% or 584,850 shares in its portfolio. Vanguard Group Inc has 0% invested in the company for 1.57M shares. Qs Investors Lc last reported 0.01% of its portfolio in the stock. Legal General Gp Public Ltd Company, a United Kingdom-based fund reported 3,039 shares. Profit Inv Management Limited Liability Company has 0.5% invested in the company for 48,252 shares. Prudential Fincl has 55,193 shares for 0% of their US portfolio. Princeton Alpha Mngmt L P reported 25,625 shares or 0.06% of all its holdings. Aperio Group Llc has invested 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL). Capstone Asset Mngmt Communications reported 10,542 shares or 0% of all its holdings. Ubs Asset Mngmt Americas reported 10,082 shares or 0% of all its holdings. The New York-based Mutual Of America Capital Ltd Liability Company has invested 0.04% in Comtech Telecomm. Corp. (NASDAQ:CMTL).
Insider Transactions: Since October 14, 2016, the stock had 0 insider buys, and 1 insider sale for $32,850 net activity. Shares for $32,850 were sold by KANTOR EDWIN.
Out of 6 analysts covering Comtech Telecomm. Corp. (NASDAQ:CMTL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Comtech Telecomm. Corp. has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann initiated it with “Buy” rating and $19 target price in Friday, July 22 report. Citigroup initiated the shares of CMTL in a report on Wednesday, August 24 with “Neutral” rating. The firm earned “Outperform” rating on Monday, June 20 by BMO Capital Markets. On Tuesday, August 2 the stock rating was initiated by Jefferies with “Hold”. The rating was upgraded by Zacks on Monday, August 10 to “Sell”. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) earned “Neutral” rating by on Monday, October 10. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) earned “Hold” rating by Jefferies on Wednesday, October 12. On Friday, October 16 the stock rating was downgraded by TheStreet to “Hold”.
Comtech Telecommunications Corp., incorporated on December 30, 1986, designs, develops, produces and markets products, systems and services for communications solutions. The Firm operates through two divisions: Commercial Solutions and Government Solutions. The Firm offers communications solutions, including command and control technologies, safety and security technologies, and enterprise technologies. The Firm serves system and network suppliers in the global satellite, defense, broadcast and aerospace industries, as well as the federal government of the United States, the state and local governments of the United States, and foreign governments.
More notable recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. Completes Acquisition of TeleCommunication …” on February 23, 2016, also Businesswire.com with their article: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …” published on November 23, 2015, Businesswire.com published: “Comtech Telecommunications Corp. Awarded $3.3 Million Equipment Order to …” on November 17, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) were released by: Finance.Yahoo.com and their article: “Comtech Telecommunications Corp. Announces Contract Renewals Of More Than $8.0 …” published on November 07, 2016 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Receives $1.9 Million Product Order from …” with publication date: October 26, 2016.
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By Dolores Ford