CounterPath, Corp. (NASDAQ:CPAH) Sees Significant Increase in Short Interest

CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 203,000 shares, an increase of 127.6% from the May 30th total of 89,200 shares. Based on an average daily trading volume, of 198,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 7.7% of the company’s shares are sold short.

An institutional investor recently bought a new position in CounterPath stock. Wedbush Securities Inc. purchased a new position in shares of CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,000 shares of the software maker’s stock, valued at approximately $43,000. Wedbush Securities Inc. owned 0.44% of CounterPath at the end of the most recent quarter. 5.61% of the stock is currently owned by institutional investors.

NASDAQ:CPAH traded down $0.06 during trading hours on Thursday, hitting $1.47. The company had a trading volume of 65,257 shares, compared to its average volume of 125,651. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $1.51. CounterPath has a 1 year low of $0.90 and a 1 year high of $4.98.

Separately, ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

CounterPath Company Profile

CounterPath Corporation designs, develops, and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications services over Internet protocol based networks in North America and internationally. Its products include Bria softphone suite, which enables consumers and business users to make voice over Internet protocol (VoIP) audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards-based VoIP softphone application that runs on desktop computers.

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