COMSovereign Holding Corp. (NASDAQ:COMS – Get Rating) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,650,000 shares, a growth of 13.7% from the August 15th total of 2,330,000 shares. Based on an average daily volume of 4,690,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 4.0% of the company's stock are short sold.

COMSovereign Price Performance

Shares of NASDAQ:COMS traded up $0.00 during midday trading on Tuesday, reaching $0.10. The company had a trading volume of 112,702 shares, compared to its average volume of 2,484,998. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.44. The business's 50 day moving average price is $0.14 and its 200 day moving average price is $0.31. COMSovereign has a 1-year low of $0.10 and a 1-year high of $2.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Buckingham Strategic Partners acquired a new stake in shares of COMSovereign in the 1st quarter worth about $2,214,000. Carnegie Capital Asset Management LLC purchased a new position in COMSovereign during the second quarter worth about $66,000. Private Advisor Group LLC bought a new stake in COMSovereign during the second quarter worth about $62,000. Finally, Virtu Financial LLC bought a new position in COMSovereign during the 2nd quarter valued at approximately $33,000. 6.85% of the stock is currently owned by institutional investors and hedge funds.

COMSovereign Company Profile

COMSovereign Holding Corp. provides technologically-advanced telecom solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company offers packet microwave solutions that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations; and in-band full-duplex technologies that alleviate the performance limitations of the principal transmission technologies.

Further Reading

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