Short Interest Change: A Reversal for ALTIGEN COMMUNICATNS (OTCMKTS:ATGN) Is Near. The Stock Has Decrease in Shorts

November 24, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Change: A Reversal for ALTIGEN COMMUNICATNS (OTCMKTS:ATGN) Is Near. The Stock Has Decrease in Shorts

The stock of ALTIGEN COMMUNICATNS (OTCMKTS:ATGN) registered a decrease of 93.02% in short interest. ATGN’s total short interest was 900 shares in November as published by FINRA. Its down 93.02% from 12,900 shares, reported previously. With 2,900 shares average volume, it will take short sellers 0 days to cover their ATGN’s short positions. The stock increased 5.88% or $0.01 on November 23, hitting $0.18. About 200 shares traded hands. AltiGen Communications, Inc. (OTCMKTS:ATGN) has declined 33.33% since April 22, 2016 and is downtrending. It has underperformed by 38.74% the S&P500.

AltiGen Communications, Inc. is a well-known provider of cloud Internet protocol private branch exchange (IP-PBX) and contact center solutions. The company has a market cap of $4.10 million. The Firm designs, delivers and supports voice over Internet protocol (VoIP) phone systems and call center solutions. It currently has negative earnings. The Firm has two operating divisions: North America and Rest of World.

ATGN Company Profile

AltiGen Communications, Inc. (AltiGen), incorporated on May 5, 1999, is a well-known provider of cloud Internet protocol private branch exchange (IP-PBX) and contact center solutions. The Firm designs, delivers and supports voice over Internet protocol (VoIP) phone systems and call center solutions. The Firm has two operating divisions: North America and Rest of World. The North America segment consists of the United States, Canada, Mexico, Central America and the Caribbean. The Rest of World segment includes Europe. The Company’s unified communications solutions are designed with an open architecture, built on communication protocols and Microsoft Windows applications. The Company’s products include IP720 Voice over IP Telephone, IP805 Voice over IP Telephone, MaxMobile, MaxCommunicator, MaxAgent, MaxSupervisor, MAX 4x4xT1 Access Board, MAX 4×8 Access Board, MAX 8×4 Access Board, MAX 0x12 Access Board, MAX1000 and MAX2000.

More notable recent AltiGen Communications, Inc. (OTCMKTS:ATGN) news were published by: Marketwired.com which released: “AltiGen Communications, Inc. Reports Third Quarter Fiscal Year 2016 Financial …” on July 20, 2016, also Marketwired.com with their article: “AltiGen Communications, Inc. to Announce Third Quarter Fiscal Year 2016 Results” published on July 12, 2016, Seekingalpha.com published: “AltiGen Communications’ (ATGN) CEO Jerry Fleming On Q1 2015 Results – Earnings …” on January 22, 2015. More interesting news about AltiGen Communications, Inc. (OTCMKTS:ATGN) were released by: Marketwired.com and their article: “AltiGen Software Delivers Security and Reliability at Pyramid Systems Cloud …” published on November 16, 2016 as well as Marketwired.com‘s news article titled: “AltiGen Announces Its New UC Cloud, Combining Hosted Skype for Business With …” with publication date: September 20, 2016.

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By Peter Erickson


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