Communications Systems, Inc. (NASDAQ:JCS) Short Interest Update

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Communications Systems, Inc. (NASDAQ:JCS) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 215,300 shares, a growth of 15.4% from the January 15th total of 186,600 shares. Based on an average trading volume of 167,100 shares, the short-interest ratio is presently 1.3 days. Approximately 3.1% of the company’s stock are sold short.

Shares of NASDAQ:JCS traded up $0.19 during midday trading on Friday, reaching $6.77. 30,000 shares of the company’s stock traded hands, compared to its average volume of 62,948. The company has a market cap of $61.07 million, a price-to-earnings ratio of 15.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.19 and a current ratio of 4.33. Communications Systems has a one year low of $2.50 and a one year high of $9.90. The stock has a 50 day moving average of $6.26 and a 200 day moving average of $5.69.

A number of analysts have recently weighed in on the stock. Northland Securities started coverage on shares of Communications Systems in a research report on Monday, November 25th. They issued a “buy” rating and a $8.00 target price on the stock. ValuEngine cut shares of Communications Systems from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 28th. TheStreet lowered shares of Communications Systems from a “b-” rating to a “c+” rating in a research note on Friday, December 27th. Finally, Zacks Investment Research lowered shares of Communications Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 4th.

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Communications Systems by 24.8% in the 4th quarter. Renaissance Technologies LLC now owns 713,811 shares of the communications equipment provider’s stock worth $4,404,000 after purchasing an additional 141,631 shares during the period. Gamco Investors INC. ET AL grew its holdings in Communications Systems by 25.3% during the third quarter. Gamco Investors INC. ET AL now owns 663,568 shares of the communications equipment provider’s stock valued at $3,033,000 after purchasing an additional 134,043 shares during the period. Gabelli Funds LLC increased its position in Communications Systems by 3.7% in the third quarter. Gabelli Funds LLC now owns 321,500 shares of the communications equipment provider’s stock worth $1,469,000 after buying an additional 11,500 shares in the last quarter. EAM Investors LLC purchased a new stake in Communications Systems in the fourth quarter worth about $699,000. Finally, Alambic Investment Management L.P. purchased a new stake in Communications Systems in the fourth quarter worth about $629,000. 28.00% of the stock is owned by institutional investors and hedge funds.

About Communications Systems

Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.

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