Pareteum Corp (NYSEAMERICAN:TEUM) Sees Large Growth in Short Interest

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.

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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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