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

Altigen Communications, Inc. (OTCMKTS:ATGN) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 9,200 shares, a growth of 114.0% from the March 31st total of 4,300 shares. Based on an average daily volume of 72,700 shares, the days-to-cover ratio is currently 0.1 days.

Altigen Communications Price Performance

Shares of ATGN traded up $0.04 during midday trading on Friday, hitting $0.79. The stock had a trading volume of 5,516 shares, compared to its average volume of 58,552. The firm has a market cap of $19.69 million, a price-to-earnings ratio of -5.64 and a beta of 1.21. The company has a 50 day simple moving average of $0.78 and a two-hundred day simple moving average of $0.70. Altigen Communications has a twelve month low of $0.51 and a twelve month high of $1.17.

Altigen Communications (OTCMKTS:ATGN) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported ($0.01) earnings per share for the quarter. Altigen Communications had a negative net margin of 25.87% and a positive return on equity of 0.75%. The company had revenue of $3.24 million during the quarter.

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.