Connectm Technology Solutions Inc. (OTCMKTS:CNTM) Stock Short Interest Jumps 227.1%

Connectm Technology Solutions Inc. (OTCMKTS:CNTM) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,079 shares, an increase of 227.1% from the August 31st total of 1,247 shares. Based on an average trading volume of 15,843 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Connectm Technology Solutions Trading Up 1.9%

CNTM traded up $0.10 during trading on Friday, hitting $5.25. The company’s stock had a trading volume of 2,602 shares, compared to its average volume of 5,427. The firm’s 50 day moving average price is $5.20 and its 200-day moving average price is $6.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $30.07 million, a PE ratio of -0.21 and a beta of -0.33. Connectm Technology Solutions has a twelve month low of $4.03 and a twelve month high of $17.12.

Connectm Technology Solutions (OTCMKTS:CNTM) last issued its quarterly earnings results on Friday, August 21st. The company reported ($0.64) earnings per share for the quarter. Connectm Technology Solutions had a negative return on equity of 506.01% and a net margin of 3.72%.The business had revenue of $9.79 million for the quarter.

Connectm Technology Solutions Company Profile

ConnectM Technology Solutions Inc is a technology company focused on energy management, electrification and decarbonization solutions. Its platform combines connected devices, Internet of Things technology, artificial intelligence and data analytics to monitor and optimize energy use.

The company provides technology and services designed to improve the performance and efficiency of heating, ventilation and air-conditioning systems and other energy-related equipment. Its offerings are intended to support residential, commercial and industrial customers through energy monitoring, predictive maintenance, equipment optimization and related electrification initiatives.

ConnectM’s solutions are delivered through connected hardware, software and service capabilities that can help customers reduce energy consumption, improve equipment reliability and manage distributed energy assets.