Telesat Corp (NASDAQ:TSAT) Short Interest Up 80.8% in January

Telesat Corp (NASDAQ:TSAT) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 142,800 shares, a growth of 80.8% from the January 15th total of 79,000 shares. Based on an average daily volume of 61,800 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Telesat stock. Trexquant Investment LP acquired a new position in Telesat Corp (NASDAQ:TSAT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,551 shares of the company’s stock, valued at approximately $223,000. Trexquant Investment LP owned approximately 0.10% of Telesat at the end of the most recent quarter.

Telesat Stock Up 2.5 %

Telesat stock traded up $0.56 during midday trading on Thursday, hitting $23.00. 94,181 shares of the company were exchanged, compared to its average volume of 56,015. The company’s fifty day moving average price is $17.41 and its 200-day moving average price is $13.55. Telesat has a fifty-two week low of $6.93 and a fifty-two week high of $23.49. The company has a market cap of $313.70 million, a PE ratio of 9.46 and a beta of 2.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.36 and a quick ratio of 4.36.

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.