Altigen Communications, Inc. (OTCMKTS:ATGN) Sees Large Drop in Short Interest

Altigen Communications, Inc. (OTCMKTS:ATGN) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 200 shares, a drop of 94.3% from the October 31st total of 3,500 shares. Based on an average daily trading volume, of 69,900 shares, the days-to-cover ratio is presently 0.0 days.

Altigen Communications Stock Performance

ATGN traded up $0.07 during midday trading on Wednesday, hitting $0.65. The company had a trading volume of 17,620 shares, compared to its average volume of 47,512. Altigen Communications has a twelve month low of $0.42 and a twelve month high of $0.99. The firm’s 50-day simple moving average is $0.61 and its 200-day simple moving average is $0.66. The company has a market capitalization of $16.15 million, a PE ratio of -4.46 and a beta of 1.23.

About Altigen Communications

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.