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

Altigen Communications, Inc. (OTCMKTS:ATGN) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 1,000 shares, a drop of 91.9% from the December 31st total of 12,300 shares. Based on an average daily volume of 122,600 shares, the short-interest ratio is presently 0.0 days.

Altigen Communications Stock Performance

OTCMKTS ATGN opened at $0.63 on Wednesday. Altigen Communications has a one year low of $0.42 and a one year high of $0.99. The stock has a 50-day moving average of $0.68 and a 200 day moving average of $0.64. The company has a market capitalization of $16.19 million, a price-to-earnings ratio of 32.50 and a beta of 1.17.

Altigen Communications (OTCMKTS:ATGN) last announced its quarterly earnings results on Thursday, December 12th. The technology company reported $0.02 EPS for the quarter. Altigen Communications had a net margin of 11.45% and a return on equity of 3.89%.

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.