Pareteum Corp (TEUM) Sees Significant Increase in Short Interest
Pareteum Corp (NYSEAMERICAN:TEUM) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 2,004,723 shares, an increase of 49.7% from the November 15th total of 1,338,995 shares. Based on an average daily volume of 7,383,012 shares, the short-interest ratio is presently 0.3 days. Currently, 8.3% of the shares of the stock are sold short.
Separately, Dawson James reissued a “buy” rating on shares of Pareteum in a report on Friday, September 22nd.
An institutional investor recently raised its position in Pareteum stock. Cannell Peter B & Co. Inc. increased its position in shares of Pareteum Corp (NYSEAMERICAN:TEUM) by 188.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,456 shares of the technology company’s stock after purchasing an additional 139,580 shares during the period. Cannell Peter B & Co. Inc. owned 1.65% of Pareteum worth $122,000 at the end of the most recent quarter.
Pareteum Company Profile
Pareteum Corporation, formerly Elephant Talk Communications Corporation, develops Communications Cloud Services Platform. The Company provides mobility, messaging and security services and applications, with a single-sign-on, application program interface (API) and software development suite. Its platform hosts integrated information technology (IT)/Back Office and Core Network functionality for mobile network operators, and for enterprises implement and leverage mobile communications solutions on a outsourced Software as a Service, Platform as a Service and/or Infrastructure as a Service basis: made available either as an on-premise solution or as a hosted service in the Cloud depending on the needs of its customers.
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