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Alaska Communications Systems Group, (NASDAQ:ALSK) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 789,431 shares, a growth of 48.9% from the March 31st total of 530,015 shares, American Banking News reports. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 271,682 shares, the days-to-cover ratio is presently 2.9 days.

Separately, analysts at Zacks downgraded shares of Alaska Communications Systems Group, from an “outperform” rating to a “neutral” rating in a research note on Monday, February 10th. They now have a $2.60 price target on the stock.

Alaska Communications Systems Group, (NASDAQ:ALSK) opened at 1.92 on Monday. Alaska Communications Systems Group, has a 52 week low of $1.63 and a 52 week high of $3.90. The stock’s 50-day moving average is $1.90 and its 200-day moving average is $2.15. The company has a market cap of $93.9 million and a price-to-earnings ratio of 0.71.

Alaska Communications Systems Group, (NASDAQ:ALSK) last released its earnings data on Thursday, March 6th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.18. The company had revenue of $74.50 million for the quarter, compared to the consensus estimate of $73.06 million. During the same quarter last year, the company posted $0.18 earnings per share. Alaska Communications Systems Group,’s revenue was down 19.8% compared to the same quarter last year. Analysts expect that Alaska Communications Systems Group, will post $0.07 EPS for the current fiscal year.

Alaska Communications Systems Group, Inc (NASDAQ:ALSK) provides integrated communications services in Alaska.

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