Globalstar

GSAT

Globalstar, Inc. is an American satellite communications company that operates a low Earth orbit (LEO) satellite constellation for satellite phone and low-speed data communications, somewhat similar to the Iridium satellite constellation and Orbcomm satellite systems. The Globalstar second-generation constellation consists of 24 low Earth orbiting (LEO) satellites.

Globalstar has been a target of short sellers for a while. The current short interest of 3.01% is roughly at the average of the last 12 months (2.84%).