Pareteum Corp (NYSEAMERICAN:TEUM) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 4,422,606 shares, a growth of 3.6% from the January 31st total of 4,268,286 shares. Approximately 11.9% of the shares of the company are short sold. Based on an average daily volume of 1,674,248 shares, the short-interest ratio is presently 2.6 days.
Pareteum (NYSEAMERICAN TEUM) traded down $0.04 during mid-day trading on Wednesday, hitting $2.87. 1,205,133 shares of the company were exchanged, compared to its average volume of 3,906,761. The firm has a market cap of $85.61, a PE ratio of -1.52 and a beta of 0.40. Pareteum has a 1-year low of $0.50 and a 1-year high of $3.39.
An institutional investor recently raised its position in Pareteum stock. Geode Capital Management LLC boosted its stake in Pareteum Corp (NYSEAMERICAN:TEUM) by 250.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,821 shares of the technology company’s stock after buying an additional 86,374 shares during the period. Geode Capital Management LLC owned 0.28% of Pareteum worth $250,000 at the end of the most recent quarter.
Pareteum Company Profile
Pareteum Corporation, formerly Elephant Talk Communications Corporation, develops Communications Cloud Services Platform. The Company provides mobility, messaging and security services and applications, with a single-sign-on, application program interface (API) and software development suite. Its platform hosts integrated information technology (IT)/Back Office and Core Network functionality for mobile network operators, and for enterprises implement and leverage mobile communications solutions on a outsourced Software as a Service, Platform as a Service and/or Infrastructure as a Service basis: made available either as an on-premise solution or as a hosted service in the Cloud depending on the needs of its customers.
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