Altigen Communications, Inc. (OTCMKTS:ATGN) Sees Significant Decrease in Short Interest

by · The Markets Daily

Altigen Communications, Inc. (OTCMKTS:ATGN – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,000 shares, a drop of 91.9% from the December 15th total of 12,300 shares. Based on an average daily trading volume, of 122,600 shares, the days-to-cover ratio is currently 0.0 days.

Altigen Communications Price Performance

Shares of ATGN stock opened at $0.63 on Tuesday. Altigen Communications has a fifty-two week low of $0.42 and a fifty-two week high of $0.99. The stock’s 50-day moving average is $0.67 and its two-hundred day moving average is $0.64. The firm has a market cap of $16.12 million, a P/E ratio of -4.85 and a beta of 1.17.

Altigen Communications (OTCMKTS:ATGN – Get Free Report) last posted its quarterly earnings results on Thursday, December 12th. The technology company reported $0.02 EPS for the quarter. Altigen Communications had a positive return on equity of 0.94% and a negative net margin of 24.94%.

About Altigen Communications

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Altigen Communications, Inc designs, develops, markets, and supports integrated communications solutions worldwide. It provides MaxCS IP-PBX, a software-based phone system that provides customers with business communications solutions; MaxACD Voice Over Internet Protocol (VoIP) Contact Center, a software-based automatic call distribution engine, which offers call routing and call distribution options; MaxMobile that extends a set of business PBX functionality to smart phone devices; and MaxCommunicator, a Windows-based desktop application, which provides call control and visual voice mail management to the desktop.

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