Short Interest in Altigen Communications, Inc. (OTCMKTS:ATGN) Drops By 58.7%

Altigen Communications, Inc. (OTCMKTS:ATGN) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 4,300 shares, a drop of 58.7% from the March 15th total of 10,400 shares. Based on an average daily trading volume, of 115,200 shares, the days-to-cover ratio is presently 0.0 days.

Altigen Communications Price Performance

OTCMKTS ATGN opened at $0.75 on Friday. Altigen Communications has a 1-year low of $0.46 and a 1-year high of $1.17. The company has a market capitalization of $18.69 million, a P/E ratio of -5.35 and a beta of 1.21. The business has a 50 day moving average price of $0.79 and a 200 day moving average price of $0.69.

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

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.