BATM Advanced Communications Ltd. (OTCMKTS:BTAVF) Sees Large Drop in Short Interest

BATM Advanced Communications Ltd. (OTCMKTS:BTAVF) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 9,000 shares, a drop of 79.4% from the December 15th total of 43,600 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 8.2 days.

Shares of OTCMKTS:BTAVF remained flat at $$1.20 during midday trading on Thursday. BATM Advanced Communications has a twelve month low of $0.40 and a twelve month high of $1.91. The stock has a 50 day simple moving average of $1.19.

BATM Advanced Communications Company Profile

BATM Advanced Communications Ltd., together with its subsidiaries, provides real-time technologies for networking solutions and bio-medical systems in Israel, the United States, and Europe. It operates in two divisions, Networking and Cyber, and Bio-Medical. The Networking and Cyber division is involved in the research and development, production, and marketing of data communication products, including network function virtualization in the fields of local and wide area networks, and premises management systems.

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