AltiGen Communications Inc. (OTCMKTS:ATGN) Sees Large Decline in Short Interest

AltiGen Communications Inc. (OTCMKTS:ATGN) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 387 shares, a drop of 80.3% from the February 12th total of 1,968 shares. Based on an average daily volume of 36,273 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 36,273 shares, the days-to-cover ratio is currently 0.0 days.

AltiGen Communications Stock Performance

Shares of ATGN opened at $0.53 on Wednesday. The stock has a market capitalization of $13.64 million, a P/E ratio of 26.36 and a beta of 1.04. AltiGen Communications has a 1 year low of $0.33 and a 1 year high of $0.72. The company’s fifty day moving average is $0.44 and its two-hundred day moving average is $0.54.

AltiGen Communications (OTCMKTS:ATGN) last released its earnings results on Thursday, December 18th. The technology company reported $0.01 EPS for the quarter. AltiGen Communications had a net margin of 5.51% and a return on equity of 6.37%. The company had revenue of $3.47 million during the quarter.

About AltiGen Communications

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.