Elephant Talk Communications Corp Sees Significant Increase in Short Interest (ETAK)
Shares of Elephant Talk Communications Corp (NYSE:ETAK) were the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 2,258,036 shares, a growth of 1.3% from the July 31st total of 2,229,578 shares, Stock Ratings Network.com reports. Based on an average daily volume of 181,639 shares, the short-interest ratio is currently 12.4 days. Currently, 2.8% of the company’s shares are sold short.
Shares of Elephant Talk Communications Corp (NYSE:ETAK) opened at 0.9541 on Friday. Elephant Talk Communications Corp has a 1-year low of $0.53 and a 1-year high of $1.79. The stock’s 50-day moving average is $0.89 and its 200-day moving average is $1.03. The company’s market cap is $140.4 million.
Elephant Talk Communications Corp. is a provider of mobile networking software and services. The Company provides operating software, managed services, cloud and Software as a Service (NYSE:ETAK) solutions, an integrated transaction and delivery platform to the mobile telecommunications industry globally.
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