Telesat Corp (NASDAQ:TSAT) Sees Significant Decrease in Short Interest

Telesat Corp (NASDAQ:TSAT) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 77,700 shares, a decrease of 18.0% from the December 31st total of 94,800 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 61,400 shares, the short-interest ratio is currently 1.3 days.

Telesat Stock Down 4.1 %

TSAT traded down $0.78 during trading on Friday, reaching $18.43. 37,289 shares of the stock were exchanged, compared to its average volume of 51,552. The stock has a market cap of $251.39 million, a P/E ratio of 7.58 and a beta of 2.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. The stock’s 50 day moving average price is $16.30 and its two-hundred day moving average price is $12.89. Telesat has a twelve month low of $6.93 and a twelve month high of $19.61.

Telesat Company Profile

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.