AltiGen Communications Inc. (OTCMKTS:ATGN) Short Interest Up 92.7% in May

AltiGen Communications Inc. (OTCMKTS:ATGN) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 9,142 shares, a growth of 92.7% from the April 30th total of 4,744 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 34,262 shares, the short-interest ratio is currently 0.3 days.

AltiGen Communications Price Performance

Shares of AltiGen Communications stock opened at $0.48 on Tuesday. The business’s 50 day simple moving average is $0.46 and its two-hundred day simple moving average is $0.48. The stock has a market capitalization of $12.42 million, a P/E ratio of 24.01 and a beta of 0.99. AltiGen Communications has a one year low of $0.35 and a one year high of $0.72.

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

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.