Paltalk, Inc. (NASDAQ:PALT – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 13,900 shares, a growth of 124.2% from the June 15th total of 6,200 shares. Based on an average daily trading volume, of 22,700 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.
Paltalk Stock Up 1.5 %
NASDAQ:PALT traded up $0.06 during mid-day trading on Thursday, hitting $4.12. 12,222 shares of the stock traded hands, compared to its average volume of 83,869. The stock has a market capitalization of $37.99 million, a price-to-earnings ratio of -45.78 and a beta of 0.85. Paltalk has a 52 week low of $1.53 and a 52 week high of $5.19. The firm’s 50 day moving average is $3.68 and its two-hundred day moving average is $3.71.
Paltalk (NASDAQ:PALT – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $2.60 million for the quarter. Paltalk had a negative net margin of 7.45% and a negative return on equity of 4.07%.
Hedge Funds Weigh In On Paltalk
Analysts Set New Price Targets
Separately, Maxim Group cut their price target on shares of Paltalk from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, May 10th.
Check Out Our Latest Stock Analysis on Paltalk
Paltalk Company Profile
Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or land line telephone number.
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