COMSovereign Holding Corp. (NASDAQ:COMS – Get Rating) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,590,000 shares, a growth of 41.5% from the June 30th total of 1,830,000 shares. Based on an average daily volume of 3,370,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 5.0% of the company's shares are sold short.
Institutional Trading of COMSovereign
A hedge fund recently bought a new stake in COMSovereign stock. Private Advisor Group LLC bought a new stake in COMSovereign Holding Corp. (NASDAQ:COMS – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 365,002 shares of the company's stock, valued at approximately $62,000. Private Advisor Group LLC owned about 0.50% of COMSovereign at the end of the most recent quarter. 7.54% of the stock is currently owned by institutional investors.
Get COMSovereign alerts:COMSovereign Stock Performance
Shares of COMS traded up $0.01 during midday trading on Monday, hitting $0.17. The company had a trading volume of 334,145 shares, compared to its average volume of 1,964,079. COMSovereign has a 1 year low of $0.11 and a 1 year high of $2.24. The company's 50-day simple moving average is $0.17 and its 200-day simple moving average is $0.42.
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.
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