Could Norsat International Incorporated (NYSEMKT:NSAT) Change Direction After More Shorts?

July 18, 2017 - By Dolores Ford

 Could Norsat International Incorporated (NYSEMKT:NSAT) Change Direction After More Shorts?

The stock of Norsat International Incorporated (NYSEMKT:NSAT) registered an increase of 26.67% in short interest. NSAT’s total short interest was 7,600 shares in July as published by FINRA. Its up 26.67% from 6,000 shares, reported previously. With 38,600 shares average volume, it will take short sellers 0 days to cover their NSAT’s short positions. The short interest to Norsat International Incorporated’s float is 0.17%.

About shares traded. Norsat International Inc (USA) (NYSEMKT:NSAT) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Norsat International Inc. is a provider of communication solutions used by government organizations, militaries, transportation, resource and marine industry companies, news organizations, public safety search and rescue operators, and others. The company has market cap of $66.80 million. The Firm operates through two divisions: Sinclair Technologies and Satellite Communications. It has a 28.98 P/E ratio. The Sinclair Technologies segment specializes in radio frequency antenna and filter products.

More notable recent Norsat International Inc (USA) (NYSEMKT:NSAT) news were published by: Cbc.ca which released: “Norsat International may accept US bid over controversial Chinese takeover offer” on June 14, 2017, also Theglobeandmail.com with their article: “US rebukes Canada over Chinese takeover of Norsat” published on June 13, 2017, Benzinga.com published: “Wall Street’s M&A Chatter From June 16-18: Amazon-Whole Foods, Walmart, Norsat …” on June 19, 2017. More interesting news about Norsat International Inc (USA) (NYSEMKT:NSAT) were released by: Cbc.ca and their article: “Norsat International investors approve takeover bid from Chinese firm” published on June 23, 2017 as well as Theglobeandmail.com‘s news article titled: “US hedge fund makes bid for Canadian tech firm wanted by Chinese giant” with publication date: June 12, 2017.

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