Connectm Technology Solutions Inc. (OTCMKTS:CNTM – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,247 shares, an increase of 106.5% from the August 15th total of 604 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,710 shares, the days-to-cover ratio is presently 0.1 days.
Connectm Technology Solutions Stock Performance
Shares of CNTM opened at $4.97 on Wednesday. Connectm Technology Solutions has a 52-week low of $0.68 and a 52-week high of $17.12. The stock’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $6.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $27.96 million, a price-to-earnings ratio of -0.19 and a beta of -0.33.
Connectm Technology Solutions (OTCMKTS:CNTM – Get Free Report) last posted its earnings results on Friday, August 21st. The company reported ($0.64) EPS for the quarter. Connectm Technology Solutions had a negative return on equity of 506.01% and a net margin of 3.72%.The business had revenue of $9.79 million for the quarter.
About Connectm Technology Solutions
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.
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