Share on StockTwits

Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) were the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 494,337 shares, a drop of 63.9% from the April 30th total of 1,370,399 shares, Stock Ratings reports. Based on an average daily trading volume, of 141,539 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.4% of the shares of the stock are short sold.

Comtech Telecommunications Corp. (NASDAQ:CMTL) opened at 31.44 on Thursday. Comtech Telecommunications Corp. has a 1-year low of $23.84 and a 1-year high of $33.80. The stock has a 50-day moving average of $31.65 and a 200-day moving average of $31.59. The company has a market cap of $481.8 million and a P/E ratio of 30.38.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.