Glowpoint, Inc. (NYSEAMERICAN:GLOW) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 10,200 shares, a decline of 72.6% from the July 31st total of 37,200 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 14,500 shares, the short-interest ratio is presently 0.7 days.
GLOW traded down $0.04 during trading on Wednesday, hitting $0.82. The stock had a trading volume of 15,900 shares, compared to its average volume of 22,530. Glowpoint has a twelve month low of $0.60 and a twelve month high of $2.30.
Glowpoint (NYSEAMERICAN:GLOW) last announced its quarterly earnings data on Wednesday, August 14th. The technology company reported ($0.17) EPS for the quarter. The business had revenue of $2.44 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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