TigerLogic Corp. (TIGR) Sees Large Drop in Short Interest

TigerLogic Corp. (OTCMKTS:TIGR) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,301,541 shares, a drop of 36.0% from the April 15th total of 2,032,423 shares. Based on an average daily volume of 4,319,925 shares, the days-to-cover ratio is presently 0.3 days.

Shares of OTCMKTS:TIGR opened at $5.29 on Monday. TigerLogic has a 1-year low of $5.19 and a 1-year high of $23.89.

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About TigerLogic

TigerLogic Corporation is engaged in the design, development, sale and support of Postano, a socialmedia content aggregation and visualization platform. Postano is sold through the Company’s sales personnel located in the United States, as well as through co-marketing arrangements with third parties.

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