Evolving Systems Inc (NASDAQ:EVOL) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,000 shares, a decline of 59.5% from the August 30th total of 7,400 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
EVOL stock traded up $0.03 during trading on Friday, hitting $1.18. The company had a trading volume of 43,260 shares, compared to its average volume of 23,252. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $0.88 and a 200-day moving average price of $0.93. Evolving Systems has a 12 month low of $0.70 and a 12 month high of $2.25. The stock has a market cap of $11.68 million, a price-to-earnings ratio of 6.86 and a beta of 1.14.
An institutional investor recently raised its position in Evolving Systems stock. Vanguard Group Inc. increased its stake in Evolving Systems Inc (NASDAQ:EVOL) by 21.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,037 shares of the technology company’s stock after purchasing an additional 27,095 shares during the period. Vanguard Group Inc. owned 1.26% of Evolving Systems worth $121,000 as of its most recent SEC filing. 27.69% of the stock is owned by institutional investors and hedge funds.
Evolving Systems Company Profile
Evolving Systems, Inc provides real-time digital engagement solutions and services to the wireless, wireline, and cable 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 Activation solution.
Recommended Story: Cash Asset Ratio
Receive News & Ratings for Evolving Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolving Systems and related companies with MarketBeat.com's FREE daily email newsletter.