Glowpoint Inc. (NYSEAMERICAN:GLOW) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 214,180 shares, a growth of 39.4% from the April 13th total of 153,637 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 280,140 shares, the short-interest ratio is currently 0.8 days.
Glowpoint opened at $0.19 on Friday, according to MarketBeat Ratings. Glowpoint has a twelve month low of $0.19 and a twelve month high of $0.20.
Glowpoint (NYSEAMERICAN:GLOW) last released its quarterly earnings results on Wednesday, March 7th. The technology company reported $0.00 earnings per share for the quarter. Glowpoint had a return on equity of 448.71% and a net margin of 204.08%. The business had revenue of $3.38 million for the quarter.
A hedge fund recently bought a new stake in Glowpoint stock. Deutsche Bank AG purchased a new stake in shares of Glowpoint Inc. (NYSEAMERICAN:GLOW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 303,400 shares of the technology company’s stock, valued at approximately $109,000. Deutsche Bank AG owned approximately 0.84% of Glowpoint as of its most recent SEC filing.
Glowpoint, Inc operates as a managed service provider of video collaboration and network applications in the United States. Its video collaboration services include managed videoconferencing, a cloud-based and on premise service that offer scheduling, call launching, conference monitoring and support, and conference reports; JoinMyVideo, an on-demand video meeting room (VMR) service that allows users to join from Web browsers, desktops, mobile apps, and videoconferencing systems; Hybrid Videoconferencing that helps enterprises to migrate from managed videoconferencing to VMRs; Video Meeting Suites, which offer remote access to videoconferencing for everyday business meetings and events; and Webcasting that enable its customers to stream live video feeds to up to thousands of viewers through their browsers and mobile devices, as well as remote service management services, such as management and support, helpdesk, and remote and automated monitoring services.
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