Short Interest in Alaska Communications Systems Group, Drops By 37.5% (ALSK)
Shares of Alaska Communications Systems Group, (NASDAQ:ALSK) were the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 493,408 shares, a decrease of 37.5% from the April 15th total of 789,431 shares, ARN reports. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 233,347 shares, the short-interest ratio is currently 2.1 days.
Alaska Communications Systems Group, (NASDAQ:ALSK) opened at 1.86 on Tuesday. 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 $1.89 and its 200-day moving average is $2.0. The company has a market cap of $91.8 million and a price-to-earnings ratio of 0.69.
Alaska Communications Systems Group, (NASDAQ:ALSK) last released its earnings data on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.06. The company had revenue of $78.33 million for the quarter, compared to the consensus estimate of $75.45 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. Analysts expect that Alaska Communications Systems Group, will post $0.02 EPS for the current fiscal year.
Alaska Communications Systems Group, Inc (NASDAQ:ALSK) provides integrated communications services in Alaska.
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