Short Interest in Altigen Communications, Inc. (OTCMKTS:ATGN) Declines By 91.9%

Altigen Communications, Inc. (OTCMKTS:ATGN) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,000 shares, a drop of 91.9% from the December 15th total of 12,300 shares. Based on an average daily volume of 122,600 shares, the short-interest ratio is presently 0.0 days.

Altigen Communications Stock Performance

Shares of ATGN stock opened at $0.62 on Wednesday. Altigen Communications has a one year low of $0.42 and a one year high of $0.99. The company’s 50-day simple moving average is $0.67 and its 200-day simple moving average is $0.64. The stock has a market capitalization of $15.93 million, a price-to-earnings ratio of -4.79 and a beta of 1.17.

Altigen Communications (OTCMKTS:ATGN) last issued its quarterly earnings results on Thursday, December 12th. The technology company reported $0.02 EPS for the quarter. Altigen Communications had a negative net margin of 24.94% and a positive return on equity of 0.94%.

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.