Park City Group, Inc. (NASDAQ:PCYG) was the target of a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 342,400 shares, a decline of 14.9% from the November 14th total of 402,400 shares. Based on an average daily volume of 47,600 shares, the short-interest ratio is currently 7.2 days. Approximately 2.8% of the shares of the company are short sold.

Shares of PCYG traded up $0.01 on Thursday, reaching $4.74. 44,600 shares of the stock traded hands, compared to its average volume of 51,090. The firm has a market cap of $95.35 million, a price-to-earnings ratio of 27.94 and a beta of 1.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.00 and a quick ratio of 3.00. Park City Group has a 12 month low of $4.27 and a 12 month high of $8.96. The stock’s 50-day moving average price is $5.01 and its 200-day moving average price is $5.40.

Park City Group (NASDAQ:PCYG) last released its quarterly earnings data on Thursday, September 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $4.66 million for the quarter, compared to the consensus estimate of $5.06 million. Park City Group had a net margin of 15.55% and a return on equity of 7.74%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsinvest Investeringsforvaltning boosted its stake in Park City Group by 58.6% in the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 323,555 shares of the technology company’s stock valued at $1,867,000 after buying an additional 119,555 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in Park City Group by 18.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 217,643 shares of the technology company’s stock valued at $1,256,000 after buying an additional 34,191 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in Park City Group by 1.9% in the 3rd quarter. Ingalls & Snyder LLC now owns 162,231 shares of the technology company’s stock valued at $936,000 after buying an additional 3,010 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Park City Group in the 2nd quarter valued at $306,000. Finally, Connors Investor Services Inc. boosted its stake in Park City Group by 6.3% in the 3rd quarter. Connors Investor Services Inc. now owns 50,886 shares of the technology company’s stock valued at $294,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 24.97% of the company’s stock.

A number of research firms have recently issued reports on PCYG. ValuEngine upgraded Park City Group from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded Park City Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th.

Park City Group Company Profile

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.

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