Telesat Corp (NASDAQ:TSAT) Short Interest Update

Telesat Corp (NASDAQ:TSAT) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 77,700 shares, a decline of 18.0% from the December 31st total of 94,800 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 61,400 shares, the short-interest ratio is currently 1.3 days.

Telesat Stock Performance

Shares of TSAT stock traded up $1.12 on Thursday, reaching $19.11. The stock had a trading volume of 127,528 shares, compared to its average volume of 60,927. Telesat has a 12 month low of $6.93 and a 12 month high of $19.61. The company has a quick ratio of 4.36, a current ratio of 4.36 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $260.66 million, a price-to-earnings ratio of 7.81 and a beta of 2.25. The firm’s 50-day moving average is $16.02 and its two-hundred day moving average is $12.75.

About Telesat

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.