Short Interest in Pareteum Corp (TEUM) Increases By 4.2%
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.
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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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