After Reaching Milestone, Is Pareteum Corporation (NYSEAMERICAN:TEUM)’s Short Interest Revealing Something?

July 14, 2018 - By Ann Prendergast

The stock of Pareteum Corporation (NYSEAMERICAN:TEUM) registered an increase of 0.44% in short interest. TEUM’s total short interest was 6.06 million shares in July as published by FINRA. Its up 0.44% from 6.03 million shares, reported previously. With 1.55M shares average volume, it will take short sellers 4 days to cover their TEUM’s short positions.

The stock decreased 1.25% or $0.03 during the last trading session, reaching $2.37. About 872,717 shares traded. Pareteum Corporation (NYSEAMERICAN:TEUM) has risen 213.73% since July 14, 2017 and is uptrending. It has outperformed by 201.16% the S&P500.

Pareteum Corporation provides mobile networking software and services for the mobile, mobile virtual network operators, enterprise, and Internet of Things markets in Europe and internationally. The company has market cap of $129.91 million. It operates a communications cloud services platform, which provides mobility, messaging and, security services and applications, with a single-sign-on, application program interface , and software development suite. It currently has negative earnings. The company??s platform hosts integrated IT/back office and core network functionality for mobile network operators, and for enterprises to implement and leverage mobile communications solutions on a Software as a Service, Platform as a Service, or Infrastructure as a Service basis.

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