AltiGen Communications Inc. (OTCMKTS:ATGN) Shares Shorted: Short Interest Up 94.9% in October

AltiGen Communications Inc. (OTCMKTS:ATGN) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,483 shares, a growth of 94.9% from the September 30th total of 761 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 33,841 shares, the short-interest ratio is presently 0.0 days.

AltiGen Communications Price Performance

Shares of ATGN stock opened at $0.46 on Friday. AltiGen Communications has a 52-week low of $0.35 and a 52-week high of $0.65. The stock has a market cap of $11.90 million, a PE ratio of 11.50 and a beta of 1.10. The business has a 50-day simple moving average of $0.46 and a 200-day simple moving average of $0.47.

AltiGen Communications (OTCMKTS:ATGN) last posted its earnings results on Tuesday, August 11th. The technology company reported $0.01 EPS for the quarter. AltiGen Communications had a return on equity of 7.19% and a net margin of 4.47%. The firm had revenue of $3.02 million for the quarter.

About AltiGen Communications

AltiGen Communications, Inc develops and provides business communications software and services for organizations of various sizes. Its offerings are designed to support unified communications, business telephony, and contact center operations.

The company’s product portfolio has included the MaxCS communications platform, which provides features such as enterprise voice, automated attendants, call routing, conferencing, mobility, and contact center management. AltiGen has also offered cloud-based communications services and tools intended to integrate business calling and collaboration with platforms such as Microsoft Teams.

AltiGen has historically served customers through direct and channel-based sales and support arrangements, with solutions marketed to businesses in North America and other international markets.