Pareteum Corp (TEUM) Short Interest Update
Pareteum Corp (NYSEAMERICAN:TEUM) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,338,995 shares, a decrease of 11.3% from the October 31st total of 1,509,583 shares. Based on an average daily trading volume, of 1,130,144 shares, the days-to-cover ratio is presently 1.2 days. Approximately 8.4% of the company’s stock are short sold.
Separately, Dawson James reissued a “buy” rating on shares of Pareteum in a research report on Friday, September 22nd.
A hedge fund recently raised its stake in Pareteum stock. Cannell Peter B & Co. Inc. grew its holdings in shares of Pareteum Corp (NYSEAMERICAN:TEUM) by 188.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,456 shares of the technology company’s stock after purchasing an additional 139,580 shares during the quarter. Cannell Peter B & Co. Inc. owned approximately 1.65% of Pareteum worth $122,000 at the end of the most recent reporting period.
Pareteum Corporation, formerly Elephant Talk Communications Corporation, develops Communications Cloud Services Platform. The Company provides mobility, messaging and security services and applications, with a single-sign-on, application program interface (API) and software development suite. Its platform hosts integrated information technology (IT)/Back Office and Core Network functionality for mobile network operators, and for enterprises implement and leverage mobile communications solutions on a outsourced Software as a Service, Platform as a Service and/or Infrastructure as a Service basis: made available either as an on-premise solution or as a hosted service in the Cloud depending on the needs of its customers.
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