Short Interest in Digerati Technologies, Inc. (OTCMKTS:DTGI) Increases By 11.7%

Digerati Technologies, Inc. (OTCMKTS:DTGI) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 47,900 shares, a growth of 11.7% from the August 15th total of 42,900 shares. Based on an average daily trading volume, of 317,200 shares, the days-to-cover ratio is currently 0.2 days.

Digerati Technologies Stock Down 8.3 %

Shares of OTCMKTS:DTGI traded down $0.00 on Monday, hitting $0.01. 55,490 shares of the company traded hands, compared to its average volume of 360,578. Digerati Technologies has a 52 week low of $0.01 and a 52 week high of $0.09. The stock has a 50 day simple moving average of $0.02 and a 200-day simple moving average of $0.02. The company has a market cap of $1.98 million, a PE ratio of -0.12 and a beta of -0.33.

Digerati Technologies (OTCMKTS:DTGI) last issued its quarterly earnings results on Friday, June 14th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $7.43 million during the quarter.

About Digerati Technologies

Digerati Technologies, Inc, through its subsidiaries, provides a portfolio of Internet-based telephony products and services through its cloud application platform and session-based communication network in the United States. The company offers Internet broadband, fiber, mobile broadband, and cloud wide area network (WAN) or software-defined wide area network (SD-WAN) solutions; cloud communication services, including fully hosted IP/PBX, video conferencing, mobile applications, Voice over Internet Protocol (VoIP) transport, session initiation protocol (SIP) trunking, call center applications, auto attendant, voice and web conferencing, call recording, messaging, voicemail to email conversion, integrated mobility applications, and customized VoIP services; and remote network monitoring, data backup, and disaster recovery services, as well as enterprise-class data and connectivity solutions, such as cloud WAN or SD-WAN, fiber, mobile broadband, and Ethernet over copper services.