Iridium Communications

IRDM

Iridium Communications Inc. (formerly Iridium Satellite LLC) is a publicly traded American company headquartered in McLean, Virginia. Iridium operates the Iridium satellite constellation, a system of 66 active satellites (and 9 spares in space) used for worldwide voice and data communication from hand-held satellite phones and other transceiver units.

Iridium Communications has been a target of short sellers for a while. The current short interest of 2.42% is significantly below the average of the last 12 months (6.66%).