Short Interest in Altigen Communications, Inc. (OTCMKTS:ATGN) Declines By 47.0%

Altigen Communications, Inc. (OTCMKTS:ATGN) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,500 shares, a decline of 47.0% from the October 15th total of 6,600 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is presently 0.1 days.

Altigen Communications Price Performance

ATGN traded down $0.04 during trading hours on Friday, reaching $0.57. 62,118 shares of the stock traded hands, compared to its average volume of 31,021. Altigen Communications has a fifty-two week low of $0.42 and a fifty-two week high of $0.99. The company has a market cap of $14.08 million, a price-to-earnings ratio of 60.00 and a beta of 1.23. The firm’s fifty day simple moving average is $0.61 and its two-hundred day simple moving average is $0.67.

Altigen Communications Company Profile

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.