COMSovereign Holding Corp. (NASDAQ:COMSP – Get Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 300 shares, a decline of 62.5% from the April 30th total of 800 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 0.1 days.
COMSovereign stock opened at $6.88 on Thursday. COMSovereign has a 1 year low of $6.30 and a 1 year high of $24.37.
The business also recently declared a monthly dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, April 29th were paid a $0.1927 dividend. This represents a $2.31 dividend on an annualized basis and a dividend yield of 33.61%. The ex-dividend date of this dividend was Thursday, April 28th.
ComSovereign Holding Corp. designs, develops, markets, and sells technologically-advanced telecom solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company designs, manufactures, and sells microwave packet radio equipment, such as backhaul telecom radios that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations to meet their increasing bandwidth requirements rapidly and affordably; and in-band full-duplex and transpositional modulation technologies that alleviate the performance limitations of the principal transmission technologies.
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