AltiGen Communications Inc. (OTCMKTS:ATGN) Stock Short Interest Climbs 94.9%

AltiGen Communications Inc. (OTCMKTS:ATGN) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,483 shares, a growth of 94.9% from the September 30th total of 761 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 33,841 shares, the days-to-cover ratio is currently 0.0 days.

AltiGen Communications Trading Down 3.0%

AltiGen Communications stock opened at $0.45 on Tuesday. AltiGen Communications has a 12 month low of $0.35 and a 12 month high of $0.65. The business’s 50 day simple moving average is $0.46 and its 200 day simple moving average is $0.47. The company has a market cap of $11.54 million, a price-to-earnings ratio of 11.55 and a beta of 1.10.

AltiGen Communications (OTCMKTS:ATGN) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $0.01 earnings per share for the quarter. AltiGen Communications had a return on equity of 7.19% and a net margin of 4.47%. The business had revenue of $3.02 million during the quarter.

About AltiGen Communications

AltiGen Communications, Inc develops and provides business communications software and services for organizations of various sizes. Its offerings are designed to support unified communications, business telephony, and contact center operations.

The company’s product portfolio has included the MaxCS communications platform, which provides features such as enterprise voice, automated attendants, call routing, conferencing, mobility, and contact center management. AltiGen has also offered cloud-based communications services and tools intended to integrate business calling and collaboration with platforms such as Microsoft Teams.

AltiGen has historically served customers through direct and channel-based sales and support arrangements, with solutions marketed to businesses in North America and other international markets.