Globalstar, Inc. (NYSEAMERICAN:GSAT) Short Interest Up 6.6% in September

Globalstar, Inc. (NYSEAMERICAN:GSAT) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 26,820,000 shares, a growth of 6.6% from the September 15th total of 25,170,000 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 4,510,000 shares, the short-interest ratio is currently 5.9 days.

Globalstar Price Performance

Shares of NYSEAMERICAN:GSAT opened at $1.21 on Thursday. The firm has a market capitalization of $2.17 billion, a PE ratio of -10.95 and a beta of 0.53. Globalstar has a one year low of $1.01 and a one year high of $2.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70.

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

Globalstar Company Profile

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.