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See what the IHS Markit Score report has to say about Iridium Communications Inc.

IHS Markit

Iridium Communications Inc

NASDAQ/NGS:IRDM

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Summary

  • Bearish sentiment is high

Bearish sentiment

Short interest | Negative

Short interest is high for IRDM with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting IRDM. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold IRDM had net inflows of $1.56 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Telecommunications Servicesis falling. The rate of decline is very significant relative to the trend shown over the past year. The rate of contraction may ease in the coming months, however.

Credit worthiness

Credit default swap

CDS data is not available for this security.

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