Intelsat SA (I) Sees Significant Increase in Short Interest

Intelsat SA (NYSE:I) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,462,631 shares, a growth of 58.7% from the January 12th total of 1,551,546 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily volume of 420,627 shares, the days-to-cover ratio is currently 5.9 days.

Shares of Intelsat (NYSE:I) opened at $2.99 on Wednesday. The firm has a market capitalization of $352.92, a price-to-earnings ratio of 0.58 and a beta of 1.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of -3.83. Intelsat has a 1 year low of $2.44 and a 1 year high of $7.47.

Several analysts recently issued reports on I shares. Zacks Investment Research upgraded Intelsat from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Wednesday, January 3rd. ValuEngine upgraded Intelsat from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated a “hold” rating on shares of Intelsat in a research report on Tuesday, February 6th. Royal Bank of Canada downgraded Intelsat from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 26th. Finally, UBS Group downgraded Intelsat from a “neutral” rating to a “sell” rating and cut their target price for the company from $3.50 to $3.00 in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.25.

Several large investors have recently added to or reduced their stakes in I. Rhumbline Advisers lifted its position in shares of Intelsat by 15.3% during the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock valued at $121,000 after acquiring an additional 5,265 shares during the period. Alliancebernstein L.P. lifted its position in shares of Intelsat by 16.0% during the 2nd quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock worth $131,000 after buying an additional 5,900 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Intelsat by 95.4% during the 3rd quarter. Citadel Advisors LLC now owns 32,587 shares of the technology company’s stock worth $153,000 after buying an additional 15,913 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Intelsat by 45.3% during the 2nd quarter. Teachers Advisors LLC now owns 61,553 shares of the technology company’s stock worth $188,000 after buying an additional 19,189 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Intelsat by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock worth $197,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 36.58% of the company’s stock.

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About Intelsat

Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet service providers (ISPs).

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