Globalstar, Inc. (NYSEAMERICAN:GSAT) Short Interest Update

Globalstar, Inc. (NYSEAMERICAN:GSAT) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 30,280,000 shares, a decrease of 7.9% from the August 15th total of 32,860,000 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 4,500,000 shares, the short-interest ratio is currently 6.7 days.

Globalstar Price Performance

NYSEAMERICAN:GSAT traded up $0.02 on Wednesday, reaching $1.19. The stock had a trading volume of 832,932 shares, compared to its average volume of 4,108,933. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -10.64 and a beta of 0.53. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.97. Globalstar has a 12-month low of $1.01 and a 12-month high of $2.13.

Globalstar (NYSEAMERICAN:GSAT) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $60.39 million for the quarter, compared to analyst estimates of $57.49 million. Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. Research analysts expect that Globalstar will post -0.01 EPS for the current year.

About Globalstar

Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.