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magicJack VocalTec (NASDAQ:CALL) was the recipient of a large decrease in short interest during the month of May. As of May 30th, there was short interest totalling 5,124,043 shares, a decrease of 18.7% from the May 15th total of 6,301,100 shares, Analyst Ratings.Net reports. Based on an average daily volume of 599,426 shares, the days-to-cover ratio is presently 8.5 days. Currently, 40.1% of the shares of the company are sold short.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of magicJack VocalTec from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $15.50 price target on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of magicJack VocalTec in a research note on Tuesday, May 13th. They now have a $22.00 price target on the stock, down previously from $24.00.

magicJack VocalTec (NASDAQ:CALL) opened at 14.67 on Wednesday. magicJack VocalTec has a 1-year low of $10.67 and a 1-year high of $25.37. The stock has a 50-day moving average of $15.52 and a 200-day moving average of $16.26. The company has a market cap of $261.6 million and a price-to-earnings ratio of 4.03.

magicJack VocalTec (NASDAQ:CALL) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.04. The company had revenue of $35.30 million for the quarter, compared to the consensus estimate of $37.18 million. During the same quarter last year, the company posted $1.17 earnings per share. magicJack VocalTec’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that magicJack VocalTec will post $1.43 EPS for the current fiscal year.

magicJack VocalTec Ltd (NASDAQ:CALL) is a provider of voice-over-Internet-Protocol (VoIP), the softphone (magicJack PC) and the magicJack products.

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