Connectm Technology Solutions Inc. (OTCMKTS:CNTM – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 490 shares, a decline of 68.0% from the May 14th total of 1,530 shares. Based on an average trading volume of 6,155 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Connectm Technology Solutions Stock Down 3.6%
Shares of CNTM stock traded down $0.25 during trading hours on Friday, reaching $6.75. 1,953 shares of the company’s stock were exchanged, compared to its average volume of 5,350. Connectm Technology Solutions has a 1 year low of $0.00 and a 1 year high of $17.12. The stock has a market cap of $38.00 million, a PE ratio of -0.27 and a beta of -0.20. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $6.54 and its two-hundred day moving average price is $8.81.
Connectm Technology Solutions (OTCMKTS:CNTM – Get Free Report) last issued its earnings results on Tuesday, May 26th. The company reported ($0.77) EPS for the quarter. The company had revenue of $8.17 million during 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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