Glowpoint, Inc. (NYSEAMERICAN:GLOW) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 530,679 shares, a decline of 2.2% from the September 28th total of 542,643 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 328,868 shares, the short-interest ratio is currently 1.6 days.
GLOW stock opened at $0.18 on Friday. Glowpoint has a 52 week low of $0.12 and a 52 week high of $0.65.
Glowpoint (NYSEAMERICAN:GLOW) last released its quarterly earnings data on Thursday, August 9th. The technology company reported ($0.04) EPS for the quarter. The company had revenue of $3.29 million for the quarter. Glowpoint had a return on equity of 448.71% and a net margin of 204.08%.
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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