Glowpoint, Inc. (NYSEAMERICAN:GLOW) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 48,700 shares, a drop of 14.6% from the May 30th total of 57,000 shares. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the stock are sold short.
GLOW stock opened at $1.07 on Friday. Glowpoint has a 12 month low of $0.80 and a 12 month high of $2.30.
Glowpoint (NYSEAMERICAN:GLOW) last released its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.12) EPS for the quarter. The firm had revenue of $2.59 million for the quarter.
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 offers 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 enables 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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