Globalstar, Inc. (NYSEAMERICAN:GSAT) Short Interest Update

Globalstar, Inc. (NYSEAMERICAN:GSAT) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 30,280,000 shares, a decline of 7.9% from the August 15th total of 32,860,000 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 4,500,000 shares, the short-interest ratio is presently 6.7 days.

Globalstar Trading Up 1.3 %

Shares of GSAT stock traded up $0.02 during trading on Wednesday, reaching $1.19. The company’s stock had a trading volume of 832,932 shares, compared to its average volume of 4,108,933. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market capitalization of $2.13 billion, a P/E ratio of -10.64 and a beta of 0.53. Globalstar has a 1-year low of $1.01 and a 1-year high of $2.13.

Globalstar (NYSEAMERICAN:GSAT) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting 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 the consensus estimate 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.