Voyager Technologies, Inc. (NYSE:VOYG) Sees Significant Decrease in Short Interest

Voyager Technologies, Inc. (NYSE:VOYG) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 4,971,567 shares, a decrease of 14.3% from the December 31st total of 5,798,502 shares. Based on an average daily volume of 1,920,171 shares, the short-interest ratio is presently 2.6 days. Approximately 9.2% of the company’s shares are sold short. Approximately 9.2% of the company’s shares are sold short. Based on an average daily volume of 1,920,171 shares, the short-interest ratio is presently 2.6 days.

Voyager Technologies Stock Performance

VOYG stock opened at $27.68 on Thursday. The company’s 50 day moving average price is $28.56 and its 200 day moving average price is $29.96. The firm has a market capitalization of $1.49 billion and a price-to-earnings ratio of -8.76. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $73.95.

Institutional Investors Weigh In On Voyager Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Crosspoint Financial LLC purchased a new stake in shares of Voyager Technologies during the 4th quarter worth $224,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Voyager Technologies in the fourth quarter valued at $7,334,000. Fifth Third Bancorp purchased a new stake in Voyager Technologies during the 4th quarter worth about $730,000. Comerica Bank boosted its position in shares of Voyager Technologies by 44,598.9% during the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after acquiring an additional 40,139 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Voyager Technologies in the 4th quarter valued at about $392,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VOYG shares. KeyCorp cut their price objective on Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a research note on Friday, January 16th. JPMorgan Chase & Co. began coverage on shares of Voyager Technologies in a research report on Monday, November 24th. They set an “overweight” rating and a $43.00 price target on the stock. Wedbush began coverage on shares of Voyager Technologies in a report on Friday, January 23rd. They issued an “outperform” rating and a $46.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.88.

Voyager Technologies Company Profile

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.