Glowpoint, Inc. (GLOW) Sees Large Increase in Short Interest

Glowpoint, Inc. (NYSEAMERICAN:GLOW) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 185,042 shares, a growth of 62.4% from the February 28th total of 113,968 shares. Based on an average trading volume of 349,733 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the stock are short sold.

An institutional investor recently bought a new position in Glowpoint stock. Deutsche Bank AG bought a new stake in shares of Glowpoint, Inc. (NYSEAMERICAN:GLOW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 303,400 shares of the technology company’s stock, valued at approximately $109,000. Deutsche Bank AG owned approximately 0.84% of Glowpoint as of its most recent filing with the Securities & Exchange Commission.

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Glowpoint (GLOW) traded up $0.01 on Monday, reaching $0.24. 4,933,229 shares of the company traded hands, compared to its average volume of 585,567. The stock has a market capitalization of $11.25, a PE ratio of 1.60 and a beta of 0.23. Glowpoint has a 52 week low of $0.19 and a 52 week high of $0.65.

Glowpoint (NYSEAMERICAN:GLOW) last posted its earnings results on Wednesday, March 7th. The technology company reported $0.00 earnings per share for the quarter. The company had revenue of $3.38 million during the quarter. Glowpoint had a net margin of 204.08% and a return on equity of 448.71%.

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Glowpoint Company Profile

Glowpoint, Inc provides video collaboration and network applications. The Company provides a range of video collaboration services, from automated to orchestrated, to address the spectrum of user experience and business applications. It delivers its services through a hybrid service platform or as a service layer on top of its customers’ video infrastructure.

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