PCM Inc (NASDAQ:PCMI) Sees Large Drop in Short Interest

PCM Inc (NASDAQ:PCMI) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 156,000 shares, a decline of 55.9% from the May 30th total of 353,700 shares. Based on an average daily trading volume, of 262,400 shares, the short-interest ratio is currently 0.6 days. Approximately 1.8% of the company’s shares are sold short.

Shares of NASDAQ PCMI traded up $0.08 during trading hours on Friday, hitting $34.87. The company’s stock had a trading volume of 97,447 shares, compared to its average volume of 472,976. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.06. The stock has a market capitalization of $426.41 million, a PE ratio of 16.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. PCM has a 12 month low of $14.80 and a 12 month high of $39.69. The stock has a 50-day moving average price of $29.07.

PCM (NASDAQ:PCMI) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The company had revenue of $533.99 million for the quarter, compared to analysts’ expectations of $533.20 million. PCM had a return on equity of 19.06% and a net margin of 1.14%. On average, equities research analysts anticipate that PCM will post 2.44 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Investors Research Corp bought a new stake in PCM during the 1st quarter valued at approximately $55,000. Group One Trading L.P. bought a new stake in PCM during the 1st quarter valued at approximately $55,000. Macquarie Group Ltd. bought a new stake in PCM during the 4th quarter valued at approximately $62,000. Penserra Capital Management LLC bought a new stake in PCM during the 1st quarter valued at approximately $91,000. Finally, New York State Common Retirement Fund bought a new stake in PCM during the 4th quarter valued at approximately $112,000. 61.39% of the stock is currently owned by institutional investors.

Several research firms have recently commented on PCMI. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Roth Capital decreased their price objective on Acer Therapeutics from $66.00 to $9.00 in a report on Tuesday, June 25th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. BidaskClub upgraded Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Finally, B. Riley reiterated a “buy” rating on shares of PCM in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.67.

PCM Company Profile

PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.

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