Is Rmg Networks Holding Corporation (NASDAQ:RMGN) a Buy? The Stock Reported Less Sellers

June 7, 2018 - By Louis Casey

RMG Networks Holding Corporation (NASDAQ:RMGN) Logo

The stock of Rmg Networks Holding Corporation (NASDAQ:RMGN) registered a decrease of 20.79% in short interest. RMGN’s total short interest was 336,100 shares in June as published by FINRA. Its down 20.79% from 424,300 shares, reported previously. With 33,500 shares average volume, it will take short sellers 10 days to cover their RMGN’s short positions. The short interest to Rmg Networks Holding Corporation’s float is 5.68%.

The stock increased 0.71% or $0.0085 during the last trading session, reaching $1.1985. About 1,906 shares traded. RMG Networks Holding Corporation (NASDAQ:RMGN) has declined 54.52% since June 7, 2017 and is downtrending. It has underperformed by 67.09% the S&P500.

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. The company has market cap of $13.37 million. It offers suite of products, including proprietary software, software-embedded hardware, maintenance and support services, content and creative services, installation services, and third-party displays. It currently has negative earnings. The firm provides Enterprise Server , a robust software application server used to collect content from various applications and other data sources; and Media Players/Smart Digital Appliances, which are software pre-loaded media players that function as the content storage and rendering hardware between its ES content engine and the visual display end-points.

More news for RMG Networks Holding Corporation (NASDAQ:RMGN) were recently published by: Streetinsider.com, which released: “RMG Networks (RMGN) Committee Concludes ‘Go-Shop’; Receives Alternative Acquisition Proposal” on June 05, 2018. Globenewswire.com‘s article titled: “RMG Reports First Quarter 2018 Results” and published on May 10, 2018 is yet another important article.

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