Glowpoint, Inc. (NYSEAMERICAN:GLOW) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 54,900 shares, a growth of 6.0% from the April 30th total of 51,800 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 34,600 shares, the days-to-cover ratio is presently 1.6 days.
GLOW traded down $0.03 during midday trading on Friday, hitting $1.07. The company had a trading volume of 3,298 shares, compared to its average volume of 25,806. Glowpoint has a twelve month low of $0.80 and a twelve month high of $2.30.
Glowpoint (NYSEAMERICAN:GLOW) last issued its quarterly earnings results 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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