Connectm Technology Solutions Inc. (OTCMKTS:CNTM) Sees Large Growth in Short Interest

Connectm Technology Solutions Inc. (OTCMKTS:CNTM) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 9,062 shares, a growth of 122.2% from the September 15th total of 4,079 shares. Based on an average daily trading volume, of 6,358 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are sold short.

Connectm Technology Solutions Price Performance

Shares of OTCMKTS CNTM opened at $4.10 on Wednesday. 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 company’s fifty day moving average price is $4.89 and its 200 day moving average price is $6.17. Connectm Technology Solutions has a 1 year low of $3.85 and a 1 year high of $17.12.

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

About Connectm Technology Solutions

ConnectM Technology Solutions, Inc is an energy technology company that develops connected, data-driven solutions designed to improve energy efficiency and support the transition to cleaner energy. Its platform uses artificial intelligence, the Internet of Things and data analytics to monitor and optimize energy-consuming equipment and distributed energy resources.

The company’s offerings are focused on residential and commercial applications and may include HVAC and heat-pump solutions, renewable energy systems, battery storage, electric-vehicle charging and related energy-management services.