Could Pareteum Corporation (NYSEAMERICAN:TEUM) Change Direction After More Shorts?

April 16, 2018 - By Adrian Mccoy

The stock of Pareteum Corporation (NYSEAMERICAN:TEUM) registered an increase of 4.23% in short interest. TEUM’s total short interest was 4.27M shares in April as published by FINRA. Its up 4.23% from 4.10 million shares, reported previously. With 2.22M shares average volume, it will take short sellers 2 days to cover their TEUM’s short positions.

The stock increased 1.14% or $0.03 during the last trading session, reaching $2.34. About 448,853 shares traded. Pareteum Corporation (NYSEAMERICAN:TEUM) has risen 165.52% since April 16, 2017 and is uptrending. It has outperformed by 153.97% 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 $119.28 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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