Short Interest in Glowpoint, Inc. (GLOW) Drops By 7.0%

Glowpoint, Inc. (NYSEAMERICAN:GLOW) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 652,714 shares, a decrease of 7.0% from the January 15th total of 702,078 shares. Based on an average daily volume of 200,072 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.0% of the shares of the stock are short sold.

GLOW stock opened at $0.13 on Wednesday. Glowpoint has a 12 month low of $0.11 and a 12 month high of $0.34.

Glowpoint (NYSEAMERICAN:GLOW) last released its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $2.93 million for the quarter.

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Glowpoint Company Profile

Glowpoint, Inc operates as a managed service provider of video collaboration and network applications in the United States. Its video collaboration services include managed videoconferencing, a cloud-based and on premise service that offers scheduling, call launching, conference monitoring and support, and conference reports; JoinMyVideo, an on-demand video meeting room (VMR) service that allows users to join from Web browsers, desktops, mobile apps, and videoconferencing systems; Hybrid Videoconferencing that helps enterprises to migrate from managed videoconferencing to VMRs; Video Meeting Suites, which offer remote access to videoconferencing for everyday business meetings and events; and Webcasting that enables its customers to stream live video feeds to up to thousands of viewers through their browsers and mobile devices, as well as remote service management services, such as management and support, helpdesk, and remote and automated monitoring services.

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