Pareteum Corp (NYSEAMERICAN:TEUM) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 4,268,286 shares, a growth of 4.2% from the January 12th total of 4,095,171 shares. Based on an average daily trading volume, of 2,223,968 shares, the days-to-cover ratio is presently 1.9 days. Approximately 12.3% of the shares of the stock are sold short.

Shares of Pareteum (TEUM) opened at $1.88 on Monday. The stock has a market capitalization of $51.18, a P/E ratio of -0.96 and a beta of 0.49. Pareteum has a 12 month low of $0.50 and a 12 month high of $3.99.

Pareteum (NYSEAMERICAN:TEUM) last issued its quarterly earnings results on Monday, November 13th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.01.

A hedge fund recently raised its stake in Pareteum stock. Perkins Capital Management Inc. lifted its position in Pareteum Corp (NYSEAMERICAN:TEUM) by 1,007.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 553,479 shares of the technology company’s stock after acquiring an additional 503,479 shares during the period. Pareteum accounts for 1.1% of Perkins Capital Management Inc.’s holdings, making the stock its 29th largest position. Perkins Capital Management Inc. owned about 1.29% of Pareteum worth $1,146,000 at the end of the most recent quarter.

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About Pareteum

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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