Short Interest in Altigen Communications, Inc. (OTCMKTS:ATGN) Increases By 2,300.0%

Altigen Communications, Inc. (OTCMKTS:ATGN) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 9,600 shares, an increase of 2,300.0% from the July 31st total of 400 shares. Based on an average trading volume of 320,200 shares, the days-to-cover ratio is currently 0.0 days.

Altigen Communications Price Performance

ATGN stock opened at $0.65 on Wednesday. The stock has a market cap of $16.17 million, a price-to-earnings ratio of -4.64 and a beta of 1.26. The company has a 50 day simple moving average of $0.65 and a 200 day simple moving average of $0.74. Altigen Communications has a 1 year low of $0.42 and a 1 year high of $0.99.

Altigen Communications (OTCMKTS:ATGN) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter. Altigen Communications had a negative net margin of 24.94% and a positive return on equity of 0.93%. The company had revenue of $3.28 million during the quarter.

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.