COMSovereign Holding Corp. (NASDAQ:COMS – Get Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 1,390,000 shares, an increase of 84.8% from the April 30th total of 752,300 shares. Based on an average daily volume of 683,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.7% of the company’s stock are sold short.
Separately, Zacks Investment Research raised shares of COMSovereign from a “sell” rating to a “hold” rating in a research report on Tuesday, March 15th.
Shares of COMS opened at $0.18 on Friday. The company has a 50 day moving average price of $0.50 and a 200-day moving average price of $0.68. COMSovereign has a fifty-two week low of $0.16 and a fifty-two week high of $2.74. The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 0.13.
COMSovereign Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on COMSovereign (COMS)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for COMSovereign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COMSovereign and related companies with MarketBeat.com's FREE daily email newsletter.