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

AltiGen Communications Inc. (OTCMKTS:ATGN) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,744 shares, an increase of 4,644.0% from the April 15th total of 100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 45,884 shares, the days-to-cover ratio is currently 0.1 days.

AltiGen Communications Price Performance

Shares of ATGN stock traded up $0.02 on Monday, reaching $0.48. 96,801 shares of the stock were exchanged, compared to its average volume of 28,525. The stock has a market cap of $12.51 million, a PE ratio of 24.18 and a beta of 0.96. AltiGen Communications has a one year low of $0.35 and a one year high of $0.72. The stock has a 50 day moving average price of $0.46 and a 200 day moving average price of $0.49.

AltiGen Communications (OTCMKTS:ATGN) last released its earnings results on Thursday, May 7th. The technology company reported $0.02 earnings per share for the quarter. AltiGen Communications had a return on equity of 7.87% and a net margin of 5.02%.

AltiGen Communications Company Profile

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.