PaySign, Inc. (NASDAQ:PAYS) Short Interest Update

PaySign, Inc. (NASDAQ:PAYS) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 2,477,300 shares, an increase of 38.4% from the May 30th total of 1,790,500 shares. Currently, 10.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 775,400 shares, the days-to-cover ratio is currently 3.2 days.

NASDAQ PAYS traded down $0.05 on Friday, reaching $16.09. The company had a trading volume of 3,630,938 shares, compared to its average volume of 1,392,673. The stock has a market cap of $759.96 million, a PE ratio of 146.27 and a beta of 0.74. The stock’s 50 day moving average is $12.17. PaySign has a 12 month low of $2.40 and a 12 month high of $16.61.

PaySign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $7.26 million for the quarter. PaySign had a net margin of 11.72% and a return on equity of 66.72%. On average, equities research analysts anticipate that PaySign will post 0.25 earnings per share for the current year.

A hedge fund recently bought a new stake in PaySign stock. WINTON GROUP Ltd purchased a new stake in PaySign, Inc. (NASDAQ:PAYS) during the second quarter, according to its most recent filing with the SEC. The fund purchased 11,138 shares of the company’s stock, valued at approximately $149,000. 11.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on PAYS shares. LADENBURG THALM/SH SH restated a “buy” rating on shares of Intec Pharma in a research note on Thursday, May 16th. Canaccord Genuity reiterated a “buy” rating and issued a C$10.00 price target on shares of Stingray Group in a report on Tuesday, July 2nd. Maxim Group set a $7.00 price target on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, BTIG Research downgraded shares of PaySign from a “buy” rating to a “neutral” rating and set a $12.10 price target on the stock. in a report on Monday, June 17th.

About PaySign

PaySign, Inc provides prepaid card programs and processing services under the PaySign brand to corporations, government agencies, universities, and other organizations. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary card-processing platform.

Read More: Cost of Capital Explained

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