Short Interest in Fortran Corp (OTCMKTS:FRTN) Declines By 48.2%

Fortran Corp (OTCMKTS:FRTN) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,745 shares, a drop of 48.2% from the June 15th total of 14,944 shares. Based on an average daily volume of 6,103 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the company’s shares are short sold.

Fortran Stock Performance

OTCMKTS FRTN remained flat at $0.07 during trading on Wednesday. The firm’s fifty day simple moving average is $0.09 and its two-hundred day simple moving average is $0.10. The stock has a market cap of $1.85 million, a PE ratio of 7.47 and a beta of -0.03. Fortran has a 1 year low of $0.03 and a 1 year high of $0.20.

About Fortran

Fortran Corporation, through its subsidiaries, offers communication system integration services to media and communication sectors. The company provides communication solutions designing, sourcing, implementing, and maintenance services. Additionally, it offers mobile billboards, event marketing, conventions and trade shows, and political advertising and editorial statements. The company's subsidiaries include The New Telephone Company, Inc; CCI-Telecom, Inc; B & L Telephone, LLC; and Fortran Communications, Inc Fortran Corporation was formerly known as Burke Mills Inc and changed its name to Fortran Corporation in February 2013.