Evolving Systems, Inc. (NASDAQ:EVOL – Get Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 5,900 shares, an increase of 73.5% from the March 15th total of 3,400 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
Shares of EVOL stock traded down $0.32 during trading on Friday, reaching $1.45. The company had a trading volume of 595,399 shares, compared to its average volume of 58,029. The firm’s 50 day simple moving average is $1.83 and its two-hundred day simple moving average is $2.15. Evolving Systems has a one year low of $1.36 and a one year high of $3.16. The company has a market capitalization of $17.88 million, a PE ratio of 24.17 and a beta of 1.29.
In other news, major shareholder Karen Singer purchased 162,322 shares of Evolving Systems stock in a transaction dated Monday, January 31st. The stock was acquired at an average cost of $1.80 per share, for a total transaction of $292,179.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have bought 390,318 shares of company stock valued at $711,095. 6.70% of the stock is owned by corporate insiders.
Separately, StockNews.com started coverage on Evolving Systems in a report on Monday, April 11th. They set a “buy” rating for the company.
About Evolving Systems (Get Rating)
Evolving Systems, Inc provides real-time digital engagement solutions and services to the wireless carrier and consumer financial service markets in the United Kingdom and internationally. The company offers acquisition and activation solutions, including Smart Dealer, a tool set that enables SIM retailers to sell SIM cards; and Dynamic SIM Allocation, a SIM/eSIM activation solution.
- Get a free copy of the StockNews.com research report on Evolving Systems (EVOL)
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