Altigen Communications, Inc. (OTCMKTS:ATGN) Sees Large Drop in Short Interest

Altigen Communications, Inc. (OTCMKTS:ATGNGet Free Report) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 3,700 shares, a decline of 59.8% from the April 15th total of 9,200 shares. Based on an average trading volume of 55,600 shares, the days-to-cover ratio is currently 0.1 days.

Altigen Communications Trading Up 3.6 %

Shares of ATGN traded up $0.03 during midday trading on Monday, hitting $0.87. The stock had a trading volume of 33,000 shares, compared to its average volume of 57,409. The business has a 50-day simple moving average of $0.79 and a two-hundred day simple moving average of $0.71. Altigen Communications has a fifty-two week low of $0.51 and a fifty-two week high of $1.17. The firm has a market cap of $21.56 million, a P/E ratio of -6.18 and a beta of 1.21.

Altigen Communications (OTCMKTS:ATGNGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Altigen Communications had a negative net margin of 26.61% and a negative return on equity of 0.48%. The business had revenue of $3.24 million during the quarter.

About Altigen Communications

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Altigen Communications, Inc designs, develops, markets, and supports integrated communications solutions worldwide. It provides MaxCS IP-PBX, a software-based phone system that provides customers with business communications solutions; MaxACD Voice Over Internet Protocol (VoIP) Contact Center, a software-based automatic call distribution engine, which offers call routing and call distribution options; MaxMobile that extends a set of business PBX functionality to smart phone devices; and MaxCommunicator, a Windows-based desktop application, which provides call control and visual voice mail management to the desktop.

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