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What’s Ahead for Counterpath Corporation (NASDAQ:CPAH) After More Shorted Shares?

December 10, 2017 - By Ellis Scott

 What’s Ahead for Counterpath Corporation (NASDAQ:CPAH) After More Shorted Shares?

The stock of Counterpath Corporation (NASDAQ:CPAH) registered an increase of 125% in short interest. CPAH’s total short interest was 1,800 shares in December as published by FINRA. Its up 125% from 800 shares, reported previously. With 4,600 shares average volume, it will take short sellers 0 days to cover their CPAH’s short positions. The short interest to Counterpath Corporation’s float is 0.08%.

The stock decreased 5.47% or $0.12 during the last trading session, reaching $2.16. About 5,552 shares traded or 34.40% up from the average. CounterPath Corporation (NASDAQ:CPAH) has declined 12.94% since December 10, 2016 and is downtrending. It has underperformed by 29.64% the S&P500.

CounterPath Corporation designs, develops, markets, and sells software applications and related services in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company has market cap of $11.14 million. The companyÂ’s software applications and related services enable enterprises and telecommunication service providers to deliver voice, video, and messaging and collaboration functionality over their Internet protocol and based networks. It currently has negative earnings. The Company’s products include Bria softphone suite, which enables clients and business users to make voice over Internet protocol audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards VoIP softphone application that runs on desktop computers.

More important recent CounterPath Corporation (NASDAQ:CPAH) news were published by: Globenewswire.com which released: “CounterPath Awarded Patent that Changes How Users Will Leverage Presence and …” on November 01, 2017, also Globenewswire.com published article titled: “CounterPath Announces Bria SDK to Power Voice in a Leading Health Care Solution”, Marketwatch.com published: “CounterPath Corp.” on November 07, 2016. More interesting news about CounterPath Corporation (NASDAQ:CPAH) was released by: Seekingalpha.com and their article: “Estech Systems selects Counterpath for its UC softphone solution” with publication date: November 15, 2017.

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