Evolving Systems Inc (NASDAQ:EVOL) saw 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 days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
An institutional investor recently raised its position in Evolving Systems stock. Vanguard Group Inc. lifted its stake in shares of Evolving Systems Inc (NASDAQ:EVOL) by 21.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,037 shares of the technology company’s stock after purchasing an additional 27,095 shares during the quarter. Vanguard Group Inc. owned 1.26% of Evolving Systems worth $121,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.69% of the company’s stock.
Shares of Evolving Systems stock traded up $0.03 during midday trading on Friday, hitting $1.18. 43,260 shares of the company traded hands, compared to its average volume of 23,252. The stock has a market cap of $11.68 million, a price-to-earnings ratio of 6.86 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.12 and a current ratio of 1.29. The firm’s fifty day moving average price is $0.88 and its 200-day moving average price is $0.93. Evolving Systems has a 12 month low of $0.70 and a 12 month high of $2.25.
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.
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