In the last three days Augme Technologies Inc (OTC:AUGT) has been trading above the three-month daily average.
On the last trading session, AUGT share price remained at $1.53 after more than 300 thousand shares changed hands.
In addition, FINRA reports that 71 thousand shares were exchanged in short transactions, which is 24% of the whole volume.
Yesterday, AUGT announced through a press release on the OTC Markets that it expected to report more than $4.4 million revenue for the third fiscal quarter which ended November 30, 2011.
Apparently, the announcement couldn’t influence the share price in a positive way as the buying and selling forces remained on par yesterday.
Yesterday, an 8-K form indicated that AUGT had engaged a new independent registered accounting firm called Moss Adams LLP.
Regarding the announcement made yesterday about the expected increase in revenues, the company may positively affect investors’ sentiment. However, for now investors seem indifferent towards the stock, which is testified by the continuing downward trend of AUGT.
