Short Interest in AltiGen Communications Inc. (OTCMKTS:ATGN) Declines By 93.6%

AltiGen Communications Inc. (OTCMKTS:ATGN) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 100 shares, a decrease of 93.6% from the June 30th total of 1,563 shares. Based on an average daily volume of 9,557 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

AltiGen Communications Price Performance

OTCMKTS:ATGN opened at $0.47 on Friday. The firm has a market cap of $12.16 million, a price-to-earnings ratio of 23.51 and a beta of 0.97. The company has a 50 day moving average price of $0.49 and a 200-day moving average price of $0.46. AltiGen Communications has a 1-year low of $0.35 and a 1-year high of $0.72.

AltiGen Communications (OTCMKTS:ATGN) last posted its earnings results on Thursday, May 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter. AltiGen Communications had a net margin of 5.02% and a return on equity of 7.81%.

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.