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Gogo tops communications short interest decliners in early January

Gogo Inc. saw the largest decline in short interest relative to shares outstanding among SNL-covered communications companies between Dec. 30, 2016, and Jan. 13.

The percentage of the company's shares held short relative to shares outstanding fell 234 basis points to 25.01% as of Jan. 13. The company also topped the list of most shorted communications companies during the period.

Globalstar Inc. posted the largest jump in short interest relative to shares outstanding among SNL-covered communications companies between Dec. 30, 2016, and Jan. 13. The company saw short interest rise 214 basis points to 8.40% of shares outstanding at the end of the period.

SNL Kagan is an offering of S&P Global Market Intelligence.

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