Gilat Satellite Networks Ltd. (NASDAQ:GILT) Short Interest Update

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Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 8,300 shares, a growth of 130.6% from the May 30th total of 3,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 14,800 shares, the short-interest ratio is presently 0.6 days.

Shares of GILT traded up $0.11 during mid-day trading on Thursday, reaching $8.76. The company’s stock had a trading volume of 14,699 shares, compared to its average volume of 17,350. The company has a fifty day moving average price of $8.40. The company has a market cap of $483.99 million, a P/E ratio of 27.43 and a beta of 0.64. Gilat Satellite Networks has a 1 year low of $7.94 and a 1 year high of $10.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.51.

Gilat Satellite Networks (NASDAQ:GILT) last released its earnings results on Tuesday, May 14th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a return on equity of 7.37% and a net margin of 7.25%. The company had revenue of $62.11 million during the quarter.

Several large investors have recently made changes to their positions in the stock. Menora Mivtachim Holdings LTD. raised its holdings in shares of Gilat Satellite Networks by 0.9% during the first quarter. Menora Mivtachim Holdings LTD. now owns 214,974 shares of the communications equipment provider’s stock worth $1,806,000 after acquiring an additional 1,892 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Gilat Satellite Networks by 18.5% during the fourth quarter. Jane Street Group LLC now owns 17,829 shares of the communications equipment provider’s stock worth $163,000 after acquiring an additional 2,788 shares in the last quarter. Sphera Funds Management LTD. raised its holdings in shares of Gilat Satellite Networks by 2.0% during the fourth quarter. Sphera Funds Management LTD. now owns 166,663 shares of the communications equipment provider’s stock worth $5,705,000 after acquiring an additional 3,296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Gilat Satellite Networks during the first quarter worth $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Gilat Satellite Networks by 1.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 707,470 shares of the communications equipment provider’s stock worth $6,261,000 after buying an additional 7,675 shares during the last quarter. Institutional investors and hedge funds own 16.18% of the company’s stock.

A number of analysts have recently issued reports on GILT shares. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th.

Gilat Satellite Networks Company Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.

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