CoreCard Co. (NYSE:CCRD) Short Interest Update

CoreCard Co. (NYSE:CCRD) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 214,800 shares, a decrease of 11.2% from the November 15th total of 241,800 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 34,500 shares, the short-interest ratio is presently 6.2 days.

Hedge Funds Weigh In On CoreCard

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in CoreCard by 853.3% in the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock valued at $74,000 after purchasing an additional 4,565 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of CoreCard by 46.0% during the second quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after acquiring an additional 1,790 shares during the last quarter. FMR LLC raised its stake in shares of CoreCard by 72.0% during the third quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after acquiring an additional 2,725 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of CoreCard during the second quarter valued at $145,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of CoreCard during the second quarter valued at $160,000. Institutional investors own 43.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered shares of CoreCard from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $15.00 in a research report on Thursday, October 3rd.

CoreCard Price Performance

NYSE:CCRD traded up $0.31 on Tuesday, hitting $22.26. The company had a trading volume of 49,348 shares, compared to its average volume of 40,386. The stock has a market capitalization of $175.88 million, a price-to-earnings ratio of 45.43 and a beta of 0.51. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $17.56 and a two-hundred day moving average of $15.04. CoreCard has a 52 week low of $10.02 and a 52 week high of $24.22.

CoreCard Company Profile

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.