Short Interest Worth Mentioning Today: A Reversal for Cartesian Incorporated (NASDAQ:CRTN) Is Near. The Stock Has Decrease in Shorts

November 30, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Worth Mentioning Today: A Reversal for Cartesian Incorporated (NASDAQ:CRTN) Is Near. The Stock Has Decrease in Shorts

The stock of Cartesian Incorporated (NASDAQ:CRTN) registered a decrease of 6.95% in short interest. CRTN’s total short interest was 30,800 shares in November as published by FINRA. Its down 6.95% from 33,100 shares, reported previously. With 19,200 shares average volume, it will take short sellers 2 days to cover their CRTN’s short positions. The short interest to Cartesian Incorporated’s float is 0.61%. The stock last traded at $0.61 per share. It is down 63.01% since April 27, 2016 and is downtrending. It has underperformed by 68.23% the S&P500.

Cartesian, Inc., formerly The Management Network Group, Inc., is a well-known provider of professional services and technical solutions to the communications, digital media and technology sectors. The company has a market cap of $5.27 million. The Firm has three divisions: the North America segment, the EMEA segment and the Strategic Alliances segment. It currently has negative earnings. The North America and EMEA divisions include the Company’s operational, technology and software consulting services inside of North America and outside of North America, respectively.

CRTN Company Profile

Cartesian, Inc., formerly The Management Network Group, Inc., incorporated on August 27, 1999, is a well-known provider of professional services and technical solutions to the communications, digital media and technology sectors. The Firm offers a portfolio of offerings, including strategy, management, marketing, operational and technology consulting services. The Firm has three divisions: the North America segment, the EMEA segment and the Strategic Alliances segment. The North America and EMEA divisions include the Company’s operational, technology and software consulting services inside of North America and outside of North America, respectively. Both the divisions offer management consulting, custom developed software and technical services. The Strategic Alliances segment includes the Company’s around the world commercial activities undertaken with third-party service or solutions providers.

More notable recent Cartesian Inc (NASDAQ:CRTN) news were published by: Reuters.com which released: “BRIEF-Norman Pessin dissolves stake in Cartesian Inc” on August 24, 2016, also Quotes.Wsj.com with their article: “Cartesian Inc. CRTN (UTP Consol)” published on June 20, 2014, Globenewswire.com published: “Cartesian Reaffirms Expertise in Revenue Analytics with Two New Wins in the …” on August 12, 2016. More interesting news about Cartesian Inc (NASDAQ:CRTN) were released by: Globenewswire.com and their article: “Cartesian Promotes William Hill to President and Appoints John Ferrara as CFO” published on October 01, 2015 as well as Seekingalpha.com‘s news article titled: “Cartesian: Shifting Business Models With Accretive Acquisitions Equals High …” with publication date: January 15, 2016.

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By Hazel Jackson


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