Short Interest in Points International Ltd. (NASDAQ:PCOM) Declines By 28.6%
Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 23,200 shares, a decrease of 28.6% from the July 31st total of 32,500 shares. Based on an average daily volume of 82,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Points International by 82.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 46,050 shares of the information services provider’s stock worth $568,000 after purchasing an additional 20,844 shares during the period. Seizert Capital Partners LLC acquired a new stake in Points International in the 2nd quarter valued at about $321,000. AJO LP grew its stake in Points International by 15.4% in the 1st quarter. AJO LP now owns 299,027 shares of the information services provider’s stock valued at $4,019,000 after acquiring an additional 39,965 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Points International in the 2nd quarter valued at about $1,015,000. Institutional investors own 54.38% of the company’s stock.
NASDAQ:PCOM traded up $0.03 during midday trading on Friday, reaching $11.31. 41,871 shares of the stock traded hands, compared to its average volume of 68,879. Points International has a 12-month low of $8.30 and a 12-month high of $15.41. The business has a 50-day moving average of $11.83 and a two-hundred day moving average of $12.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $156.57 million, a PE ratio of 13.88 and a beta of 1.08.
Points International Company Profile
Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.
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