Pareteum Corp (NYSEAMERICAN:TEUM) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 5,138,458 shares, a growth of 17.3% from the February 28th total of 4,379,334 shares. Approximately 13.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,046,798 shares, the short-interest ratio is presently 2.5 days.
A hedge fund recently raised its stake in Pareteum stock. Geode Capital Management LLC lifted its stake in shares of Pareteum Corp (NYSEAMERICAN:TEUM) by 250.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,821 shares of the technology company’s stock after buying an additional 86,374 shares during the period. Geode Capital Management LLC owned about 0.28% of Pareteum worth $250,000 as of its most recent SEC filing.
TEUM stock opened at $3.13 on Tuesday. The stock has a market cap of $85.61, a price-to-earnings ratio of -1.60 and a beta of 0.40. Pareteum has a 1-year low of $0.50 and a 1-year high of $3.59.
Pareteum Corporation, formerly Elephant Talk Communications Corporation, develops Communications Cloud Services Platform. The Company provides mobility, messaging and security services and applications, with a single-sign-on, application program interface (API) and software development suite. Its platform hosts integrated information technology (IT)/Back Office and Core Network functionality for mobile network operators, and for enterprises implement and leverage mobile communications solutions on a outsourced Software as a Service, Platform as a Service and/or Infrastructure as a Service basis: made available either as an on-premise solution or as a hosted service in the Cloud depending on the needs of its customers.
Receive News & Ratings for Pareteum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pareteum and related companies with MarketBeat.com's FREE daily email newsletter.