Connectm Technology Solutions Inc. (OTCMKTS:CNTM – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,062 shares, a growth of 122.2% from the September 15th total of 4,079 shares. Based on an average daily volume of 6,358 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the company’s stock are short sold.
Connectm Technology Solutions Stock Up 3.5%
CNTM traded up $0.15 during trading hours on Thursday, hitting $4.45. 2,805 shares of the company’s stock were exchanged, compared to its average volume of 5,278. Connectm Technology Solutions has a 1-year low of $3.85 and a 1-year high of $17.12. The stock’s 50-day moving average is $4.87 and its two-hundred day moving average is $6.15. The stock has a market cap of $25.50 million, a price-to-earnings ratio of -0.17 and a beta of -0.33. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.04.
Connectm Technology Solutions (OTCMKTS:CNTM – Get Free Report) last issued its quarterly earnings results on Friday, August 21st. The company reported ($0.64) earnings per share (EPS) for the quarter. Connectm Technology Solutions had a net margin of 3.72% and a negative return on equity of 506.01%. The business had revenue of $9.79 million during the quarter.
About Connectm Technology Solutions
ConnectM Technology Solutions, Inc is an energy technology company that develops connected, data-driven solutions designed to improve energy efficiency and support the transition to cleaner energy. Its platform uses artificial intelligence, the Internet of Things and data analytics to monitor and optimize energy-consuming equipment and distributed energy resources.
The company’s offerings are focused on residential and commercial applications and may include HVAC and heat-pump solutions, renewable energy systems, battery storage, electric-vehicle charging and related energy-management services.
See Also
- Five stocks we like better than Connectm Technology Solutions
- Domino’s Pizza: As Cheap As It Gets, Nowhere to Go But Up
- Apple Cut iPhone 18 Orders; What Does It Mean For Suppliers?
- Failed Breakout in Tech? 3 Sectors Leading the Market Rotation
- Solaris Rides the AI Boom as Risks Mount
Receive News & Ratings for Connectm Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connectm Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
