Park City Group, Inc. (NASDAQ:PCYG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 457,700 shares, a growth of 11.3% from the August 30th total of 411,300 shares. Based on an average trading volume of 49,200 shares, the short-interest ratio is presently 9.3 days. Currently, 3.7% of the shares of the stock are sold short.
A number of research firms have recently commented on PCYG. ValuEngine raised shares of Park City Group from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Zacks Investment Research raised shares of Park City Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th.
A number of hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its holdings in Park City Group by 1,792.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,153,641 shares of the technology company’s stock valued at $6,184,000 after purchasing an additional 1,092,683 shares during the last quarter. Handelsinvest Investeringsforvaltning lifted its holdings in Park City Group by 1,940.0% during the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 204,000 shares of the technology company’s stock valued at $1,093,000 after purchasing an additional 194,000 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in Park City Group during the 2nd quarter valued at about $983,000. Ingalls & Snyder LLC lifted its holdings in Park City Group by 1.9% during the 3rd quarter. Ingalls & Snyder LLC now owns 162,231 shares of the technology company’s stock valued at $936,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Park City Group during the 2nd quarter valued at about $306,000. 24.19% of the stock is owned by hedge funds and other institutional investors.
Park City Group (NASDAQ:PCYG) last released its quarterly earnings data on Thursday, September 12th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $4.66 million for the quarter, compared to the consensus estimate of $5.06 million. Park City Group had a return on equity of 9.77% and a net margin of 18.43%. On average, research analysts anticipate that Park City Group will post 0.27 earnings per share for the current year.
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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