Pareteum Corp (NYSEAMERICAN:TEUM) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,379,334 shares, a drop of 1.0% from the February 15th total of 4,422,606 shares. Based on an average daily volume of 1,372,505 shares, the short-interest ratio is presently 3.2 days.
Shares of Pareteum (TEUM) opened at $2.86 on Friday. Pareteum has a 12 month low of $0.50 and a 12 month high of $3.39. The stock has a market cap of $85.61, a PE ratio of -1.46 and a beta of 0.40.
A hedge fund recently raised its stake in Pareteum stock. Geode Capital Management LLC increased its position in shares of Pareteum Corp (NYSEAMERICAN:TEUM) by 250.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,821 shares of the technology company’s stock after buying an additional 86,374 shares during the quarter. Geode Capital Management LLC owned about 0.28% of Pareteum worth $250,000 at the end of the most recent quarter.
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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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