Short Interest in AltiGen Communications Inc. (OTCMKTS:ATGN) Drops By 76.6%

AltiGen Communications Inc. (OTCMKTS:ATGN) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,563 shares, a decline of 76.6% from the June 15th total of 6,684 shares. Based on an average daily trading volume, of 13,479 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

AltiGen Communications Stock Down 1.7%

Shares of OTCMKTS ATGN traded down $0.01 during trading on Friday, reaching $0.47. 3,000 shares of the stock were exchanged, compared to its average volume of 5,668. The company has a market capitalization of $12.22 million, a price-to-earnings ratio of 23.63 and a beta of 0.97. The business’s 50-day moving average price is $0.49 and its 200 day moving average price is $0.46. AltiGen Communications has a twelve month low of $0.35 and a twelve month high of $0.72.

AltiGen Communications (OTCMKTS:ATGN) last released its quarterly 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%.

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.