(NASDAQ:JCS) shares saw heavy trading volume with 60K shares changing hands on Tuesday. Volume was up 277.17% over the stocks average daily volume.
Traders are more bullish of late if you evaluate the decrease in short interest. The stock realized a fall in short interest of -9.95% as of October 13, 2017 from the last reporting period. Short shares fell 647 over that period. With short interest at 5,855 and short average daily volume at 18,021, days to cover is 0.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (JCS). Gamco Investors, Inc. Et Al cut its position by selling 8,000 shares a decrease of 1.1% from 06/30/2017 to 09/30/2017. Gamco Investors, Inc. Et Al owns 734,149 shares valued at $3,124,000. The value of the position overall is down by 2.8%. As of the end of the quarter Ameriprise Financial Inc had disposed of 2,386 shares trimming its stake by 8.0%. The value of the investment in Commun Systems Inc decreased from $129,000 to $117,000 decreasing 9.3% quarter to quarter.
As of quarter end Bank Of NEW York Mellon Corp had bought a total of 30 shares growing its holdings by 230.8%. The value of the total investment in Commun Systems Inc went from $0 to $0 a change of $0 for the reporting period. As of quarter end Dimensional Fund Advisors Lp had disposed of 45,364 shares trimming its position 7.8%. The value of the investment in (JCS) decreased from $2,507,000 to $2,231,000 a change of 11.0% since the last quarter.
Equity analyst Northland Securities updated coverage of JCS and giving a rating of “Buy” and establishing a price target of $6.00.
The company is now down since yesterday’s close of 3.64. Commun Systems Inc’s P/E ratio is N/A and the market cap of the company is 31.84M. In the last earnings report the EPS was $-1.34 with 8.97M shares outstanding.
Communications Systems, Inc. (CSI), launched on December 22, 1969, operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks. The Company is principally engaged through its subsidiary and business unit, Suttle, Inc., in the manufacture and sale of connectivity infrastructure products for broadband and voice communications, and through its another subsidiary and business unit, Transition Networks, Inc., in the manufacture and sale of core media conversion products for broadband networks..