Short Interest in AltiGen Communications Inc. (OTCMKTS:ATGN) Drops By 93.6%

AltiGen Communications Inc. (OTCMKTS:ATGN) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 100 shares, a drop of 93.6% from the June 30th total of 1,563 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,557 shares, the short-interest ratio is presently 0.0 days.

AltiGen Communications Stock Performance

Shares of OTCMKTS ATGN remained flat at $0.47 during midday trading on Friday. The stock had a trading volume of 16,500 shares, compared to its average volume of 4,046. The stock has a market cap of $12.16 million, a price-to-earnings ratio of 23.51 and a beta of 0.97. AltiGen Communications has a one year low of $0.35 and a one year high of $0.72. The stock has a fifty day simple moving average of $0.49 and a 200-day simple moving average of $0.46.

AltiGen Communications (OTCMKTS:ATGN) last issued 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 return on equity of 7.81% and a net margin of 5.02%.

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.