Short Interest in Connectm Technology Solutions Inc. (OTCMKTS:CNTM) Expands By 105.3%

Connectm Technology Solutions Inc. (OTCMKTS:CNTM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,006 shares, an increase of 105.3% from the May 31st total of 490 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 9,148 shares, the days-to-cover ratio is presently 0.1 days.

Connectm Technology Solutions Stock Down 4.0%

CNTM stock opened at $8.70 on Tuesday. The company has a 50 day moving average of $6.73 and a two-hundred day moving average of $8.80. The company has a market cap of $48.98 million, a price-to-earnings ratio of -0.35 and a beta of -0.20. Connectm Technology Solutions has a 12-month low of $0.00 and a 12-month high of $17.12. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 0.88.

Connectm Technology Solutions (OTCMKTS:CNTM) last posted its quarterly earnings results on Tuesday, May 26th. The company reported ($0.77) EPS for the quarter. The firm had revenue of $8.17 million for the quarter.

Connectm Technology Solutions Company Profile

Connectm Technology Solutions, Inc (NASDAQ:CNTM) is a provider of advanced communications and cybersecurity solutions tailored to aerospace, defense, government and critical infrastructure markets. The company specializes in secure voice, data and video transmission platforms, offering both off-the-shelf hardware and software-defined systems designed to meet stringent military and regulatory requirements. Its product suite includes satellite communications terminals, tactical radio systems, data link technologies and cyber-defense tools aimed at supporting mission-critical, real-time operations.

In addition to its core product offerings, Connectm delivers comprehensive systems integration and lifecycle support services.