Altigen Communications, Inc. (OTCMKTS:ATGN) Sees Large Growth in Short Interest

Altigen Communications, Inc. (OTCMKTS:ATGN) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,500 shares, a growth of 15.4% from the August 31st total of 1,300 shares. Based on an average daily trading volume, of 32,000 shares, the short-interest ratio is currently 0.0 days.

Altigen Communications Price Performance

Shares of Altigen Communications stock traded up $0.01 during trading on Monday, hitting $0.61. The company’s stock had a trading volume of 27,000 shares, compared to its average volume of 50,077. The stock has a 50-day moving average price of $0.62 and a two-hundred day moving average price of $0.71. Altigen Communications has a 52 week low of $0.42 and a 52 week high of $0.99. The stock has a market cap of $15.20 million, a price-to-earnings ratio of -4.36 and a beta of 1.25.

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

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.