AltiGen Communications Inc. (OTCMKTS:ATGN) Sees Significant Increase in Short Interest

AltiGen Communications Inc. (OTCMKTS:ATGN) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,168 shares, an increase of 124.2% from the January 15th total of 521 shares. Based on an average daily trading volume, of 66,628 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 66,628 shares, the days-to-cover ratio is currently 0.0 days.

AltiGen Communications Stock Performance

Shares of AltiGen Communications stock opened at $0.44 on Friday. The firm has a 50-day moving average of $0.47 and a 200-day moving average of $0.56. AltiGen Communications has a 52-week low of $0.33 and a 52-week high of $0.72. The stock has a market cap of $11.31 million, a PE ratio of 21.86 and a beta of 1.04.

AltiGen Communications (OTCMKTS:ATGN) last released its quarterly earnings results on Thursday, December 18th. The technology company reported $0.01 EPS for the quarter. The business had revenue of $3.47 million for the quarter. AltiGen Communications had a net margin of 5.51% and a return on equity of 6.37%.

About AltiGen Communications

AltiGen Communications, Inc is a provider of voice-over-IP (VoIP) telephony and unified communications solutions designed primarily for small and medium-sized businesses. The company offers a range of IP-based PBX systems, contact center applications and unified messaging products that enable organizations to streamline inbound and outbound voice traffic, automate call routing and integrate voice mail, e-mail and conferencing functions into a single platform.

Founded in the mid-1990s and headquartered in California, AltiGen develops both hardware appliances and software modules that support analog, digital and SIP-based telephony endpoints.