Pareteum Co. (NYSEAMERICAN:TEUM) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 6,056,129 shares, a growth of 0.4% from the April 13th total of 6,029,720 shares. Currently, 14.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,553,337 shares, the short-interest ratio is presently 3.9 days.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in Pareteum during the first quarter worth $123,000. Northern Trust Corp boosted its stake in Pareteum by 399.7% during the first quarter. Northern Trust Corp now owns 73,944 shares of the technology company’s stock worth $180,000 after acquiring an additional 59,146 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Pareteum by 250.7% in the fourth quarter. Geode Capital Management LLC now owns 120,821 shares of the technology company’s stock valued at $250,000 after buying an additional 86,374 shares in the last quarter. Barclays PLC lifted its stake in shares of Pareteum by 15,397.0% in the first quarter. Barclays PLC now owns 170,002 shares of the technology company’s stock valued at $415,000 after buying an additional 168,905 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its stake in shares of Pareteum by 1,007.0% in the fourth quarter. Perkins Capital Management Inc. now owns 553,479 shares of the technology company’s stock valued at $1,146,000 after buying an additional 503,479 shares in the last quarter.
Pareteum traded up $0.09, reaching $2.46, during trading on Wednesday, according to MarketBeat.com. The company’s stock had a trading volume of 1,134,174 shares, compared to its average volume of 3,138,765. Pareteum has a 12 month low of $2.32 and a 12 month high of $2.39.
Pareteum (NYSEAMERICAN:TEUM) last released its quarterly earnings data on Monday, May 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The company had revenue of $4.11 million for the quarter.
Pareteum Company Profile
Pareteum Corporation provides mobile networking software and services for the mobile, mobile virtual network operators, enterprise, and Internet of Things markets in Europe and internationally. It operates a communications cloud services platform, which provides mobility, messaging and, security services and applications, with a single-sign-on, application program interface (API), and software development suite.
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