CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 89,100 shares, a drop of 17.5% from the July 31st total of 108,000 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average trading volume of 188,700 shares, the days-to-cover ratio is currently 0.5 days.
Separately, ValuEngine upgraded shares of CounterPath from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
NASDAQ:CPAH traded up $0.01 during mid-day trading on Thursday, hitting $1.18. 384 shares of the company’s stock traded hands, compared to its average volume of 119,040. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.55. CounterPath has a 1 year low of $0.90 and a 1 year high of $2.70.
CounterPath Corporation designs, develops, and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications services over Internet protocol based networks in North America and internationally. Its products include Bria softphone suite, which enables consumers and business users to make voice over Internet protocol (VoIP) audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards-based VoIP softphone application that runs on desktop computers.
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