Short Interest in CounterPath, Corp. (NASDAQ:CPAH) Rises By 40.9%

CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 89,200 shares, a growth of 40.9% from the May 15th total of 63,300 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 124,700 shares, the short-interest ratio is currently 0.7 days.

Separately, ValuEngine cut CounterPath from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

NASDAQ CPAH traded down $0.15 on Wednesday, hitting $1.59. 6,819,286 shares of the stock were exchanged, compared to its average volume of 128,748. CounterPath has a 52-week low of $0.90 and a 52-week high of $4.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day moving average price is $1.51.

An institutional investor recently bought a new position in CounterPath stock. Wedbush Securities Inc. acquired a new position in shares of CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,000 shares of the software maker’s stock, valued at approximately $43,000. Wedbush Securities Inc. owned approximately 0.44% of CounterPath as of its most recent filing with the Securities and Exchange Commission. 5.61% of the stock is owned by institutional investors and hedge funds.

CounterPath Company Profile

CounterPath Corporation designs, develops, and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications services over Internet protocol based networks in North America and internationally. Its products include Bria softphone suite, which enables consumers and business users to make voice over Internet protocol (VoIP) 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-based VoIP softphone application that runs on desktop computers.

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