Short Interest in mPhase Technologies, Inc. (OTCMKTS:XDSL) Drops By 99.6%

mPhase Technologies, Inc. (OTCMKTS:XDSLGet Rating) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 400 shares, a decline of 99.6% from the April 15th total of 105,300 shares. Based on an average daily volume of 522,300 shares, the short-interest ratio is presently 0.0 days.

Shares of OTCMKTS:XDSL traded down $0.02 during midday trading on Wednesday, hitting $0.04. 2,216,576 shares of the stock were exchanged, compared to its average volume of 307,215. The stock has a market capitalization of $3.96 million, a price-to-earnings ratio of 0.42 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.17. The business’s 50-day moving average price is $0.11 and its 200 day moving average price is $0.17. mPhase Technologies has a 12 month low of $0.03 and a 12 month high of $0.43.

About mPhase Technologies (Get Rating)

mPhase Technologies, Inc provides artificial intelligence and machine learning focused technology products and related services. It offers mPower EV Charging Network; and Consumer Engagement Platform to understand behavior patterns of consumers and allows the retailers to make these just in time offers available to the end consumer as they travel.

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