Digerati Technologies Inc. (OTCMKTS:DTGI) Sees Significant Increase in Short Interest

Digerati Technologies Inc. (OTCMKTS:DTGI) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 134,856 shares, an increase of 2,030.4% from the December 15th total of 6,330 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 514,693 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 514,693 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Digerati Technologies Stock Down 4.5%

OTCMKTS:DTGI opened at $0.01 on Tuesday. Digerati Technologies has a 52 week low of $0.01 and a 52 week high of $0.04. The stock’s 50-day moving average price is $0.02 and its 200-day moving average price is $0.02. The stock has a market capitalization of $3.41 million, a PE ratio of 0.75 and a beta of -0.06.

Digerati Technologies (OTCMKTS:DTGI) last released its earnings results on Tuesday, November 18th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $0.13 million during the quarter.

Digerati Technologies Company Profile

Digerati Technologies (OTCMKTS: DTGI) is a digital content company specializing in the licensing, publishing and distribution of interactive entertainment and multimedia. Through its subsidiaries and partnerships, the company focuses on bringing independently developed video games, mobile applications and other digital titles to market. Digerati leverages its in-house expertise in platform certification, quality assurance and localization to support developers in launching projects across PC, console and mobile storefronts.

The company’s core services include project management, porting support and digital marketing campaigns designed to boost visibility on major distribution channels such as Steam, the Epic Games Store, PlayStation Network, Xbox Live, Nintendo eShop, the Apple App Store and Google Play.