Iridium Communications Inc (NASDAQ:IRDM) Short Interest Update

17 Mar 2026, 19:56 by Jessica Moore · The Cerbat Gem

Iridium Communications Inc (NASDAQ:IRDM – Get Free Report) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 7,003,160 shares, a drop of 20.6% from the February 12th total of 8,818,552 shares. Based on an average daily volume of 1,644,109 shares, the days-to-cover ratio is currently 4.3 days. Approximately 6.8% of the company’s shares are sold short. Approximately 6.8% of the company’s shares are sold short. Based on an average daily volume of 1,644,109 shares, the days-to-cover ratio is currently 4.3 days.

Iridium Communications Trading Up 5.0%

Shares of IRDM traded up $1.25 during mid-day trading on Tuesday, reaching $26.24. 2,210,682 shares of the company were exchanged, compared to its average volume of 2,214,680. The business has a 50 day simple moving average of $21.65 and a two-hundred day simple moving average of $19.43. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.82 and a current ratio of 2.48. The stock has a market capitalization of $2.75 billion, a PE ratio of 24.75, a PEG ratio of 1.72 and a beta of 0.60. Iridium Communications has a 52 week low of $15.65 and a 52 week high of $33.34.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last released its earnings results on Thursday, February 12th. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Iridium Communications had a net margin of 13.12% and a return on equity of 24.01%. The business had revenue of $212.94 million during the quarter, compared to the consensus estimate of $219.14 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts predict that Iridium Communications will post 0.89 earnings per share for the current fiscal year.

Iridium Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 16th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. Iridium Communications’s dividend payout ratio is 56.60%.

Hedge Funds Weigh In On Iridium Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Iridium Communications by 265.8% during the 3rd quarter. Millennium Management LLC now owns 3,039,731 shares of the technology company’s stock valued at $53,074,000 after purchasing an additional 2,208,857 shares in the last quarter. Gotham Asset Management LLC increased its stake in Iridium Communications by 651.1% during the 4th quarter. Gotham Asset Management LLC now owns 2,309,750 shares of the technology company’s stock valued at $40,143,000 after purchasing an additional 2,002,232 shares in the last quarter. Man Group plc lifted its position in Iridium Communications by 226.3% in the 3rd quarter. Man Group plc now owns 2,012,077 shares of the technology company’s stock valued at $35,131,000 after acquiring an additional 1,395,485 shares in the last quarter. ARK Investment Management LLC boosted its stake in Iridium Communications by 21.7% during the 3rd quarter. ARK Investment Management LLC now owns 6,490,108 shares of the technology company’s stock valued at $113,317,000 after purchasing an additional 1,156,580 shares during the last quarter. Finally, Silver Heights Capital Management Inc increased its holdings in Iridium Communications by 22.7% during the 3rd quarter. Silver Heights Capital Management Inc now owns 5,189,703 shares of the technology company’s stock worth $90,612,000 after purchasing an additional 961,440 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IRDM shares. Weiss Ratings raised Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. Morgan Stanley lifted their target price on shares of Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 18th. Finally, BWS Financial reiterated a “sell” rating and set a $16.00 price target on shares of Iridium Communications in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Iridium Communications has an average rating of “Hold” and a consensus price target of $25.40.

Check Out Our Latest Stock Analysis on IRDM

About Iridium Communications

(Get Free Report)

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).