ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) Sees Large Decrease in Short Interest

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,804 shares, a decline of 49.2% from the November 30th total of 3,548 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 15,693 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 15,693 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

ACCESS Newswire Trading Down 3.4%

Shares of ACCS traded down $0.30 during trading hours on Friday, reaching $8.58. The stock had a trading volume of 6,014 shares, compared to its average volume of 13,065. The stock’s 50-day moving average is $8.86. ACCESS Newswire has a 12 month low of $7.72 and a 12 month high of $13.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $33.20 million, a P/E ratio of -6.17 and a beta of 0.79.

ACCESS Newswire (NYSEAMERICAN:ACCS) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $5.72 million for the quarter. ACCESS Newswire had a negative net margin of 23.53% and a positive return on equity of 5.58%. On average, equities analysts forecast that ACCESS Newswire will post 0.56 EPS for the current year.

Hedge Funds Weigh In On ACCESS Newswire

Hedge funds have recently added to or reduced their stakes in the stock. Topline Capital Management LLC bought a new position in ACCESS Newswire during the 2nd quarter valued at $8,724,000. Punch & Associates Investment Management Inc. boosted its stake in shares of ACCESS Newswire by 7.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company’s stock worth $1,484,000 after buying an additional 9,960 shares during the last quarter. Mink Brook Asset Management LLC bought a new stake in ACCESS Newswire during the third quarter worth $219,000. Bridgeway Capital Management LLC purchased a new stake in shares of ACCESS Newswire during the 2nd quarter valued at $163,000. Finally, Geode Capital Management LLC bought a new stake in shares of ACCESS Newswire during the 2nd quarter worth $362,000. Institutional investors and hedge funds own 50.02% of the company’s stock.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.