Altigen Communications, Inc. (OTCMKTS:ATGN) Sees Significant Increase in Short Interest

Altigen Communications, Inc. (OTCMKTS:ATGN) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 9,200 shares, an increase of 114.0% from the March 31st total of 4,300 shares. Based on an average daily volume of 72,700 shares, the days-to-cover ratio is presently 0.1 days.

Altigen Communications Trading Up 5.8 %

Shares of OTCMKTS ATGN traded up $0.04 during mid-day trading on Friday, reaching $0.79. 5,616 shares of the company’s stock were exchanged, compared to its average volume of 25,065. The business has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.70. Altigen Communications has a twelve month low of $0.51 and a twelve month high of $1.17.

Altigen Communications (OTCMKTS:ATGN) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported ($0.01) EPS for the quarter. The business had revenue of $3.24 million for the quarter. Altigen Communications had a positive return on equity of 0.75% and a negative net margin of 25.87%.

About Altigen Communications

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.