Tapinator, Inc. (OTCMKTS:TAPM) Sees Significant Drop in Short Interest

Tapinator, Inc. (OTCMKTS:TAPM) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,800 shares, a decrease of 36.4% from the September 15th total of 4,400 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is currently 1.0 days.

Shares of TAPM traded down $0.56 during midday trading on Friday, hitting $2.75. The stock had a trading volume of 6,891 shares, compared to its average volume of 1,632. Tapinator has a 1 year low of $2.00 and a 1 year high of $11.20. The stock’s 50 day moving average is $3.63 and its 200 day moving average is $3.90. The firm has a market cap of $1.82 million, a PE ratio of -0.77 and a beta of 3.06.

Tapinator (OTCMKTS:TAPM) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.12 earnings per share for the quarter. The firm had revenue of $1.17 million for the quarter.

Tapinator Company Profile

Tapinator, Inc develops and publishes mobile games and applications on the iOS, Google Play, and Amazon platforms in North America, Europe, and Asia. Its portfolio includes approximately 300 mobile gaming titles, such as Video Poker Classic, Solitaire Dash, and Crypto Trillionaire. The company was founded in 2013 and is headquartered in New York, New York.

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