CPI Card Group Inc (NASDAQ:PMTS) Short Interest Update
CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 254,100 shares, a decrease of 14.4% from the January 15th total of 296,900 shares. Currently, 5.7% of the company’s shares are sold short. Based on an average daily volume of 65,900 shares, the days-to-cover ratio is presently 3.9 days.
Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in CPI Card Group by 16.7% during the 4th quarter. Renaissance Technologies LLC now owns 148,882 shares of the credit services provider’s stock valued at $134,000 after purchasing an additional 21,303 shares during the last quarter. Mariner Investment Group LLC lifted its holdings in CPI Card Group by 118.3% in the 4th quarter. Mariner Investment Group LLC now owns 97,542 shares of the credit services provider’s stock worth $88,000 after buying an additional 52,861 shares during the period. Millennium Management LLC lifted its holdings in CPI Card Group by 1,080.2% in the 3rd quarter. Millennium Management LLC now owns 62,620 shares of the credit services provider’s stock worth $161,000 after buying an additional 57,314 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of CPI Card Group by 90,909.1% in the 2nd quarter. Wells Fargo & Company MN now owns 10,011 shares of the credit services provider’s stock worth $25,000 after buying an additional 10,000 shares during the last quarter. 8.08% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Zacks Investment Research downgraded shares of CPI Card Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.
About CPI Card Group
CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through U.S. Debit and Credit, U.S. Prepaid Debit, and Other segments. The U.S. Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing banks in the United States.
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