Points.com Inc. (NASDAQ:PCOM) Short Interest Drops 25.1% in June

Points.com Inc. (NASDAQ:PCOM – Get Rating) (TSE:PTS) was the beneficiary of a sharp decline in short interest during the month of June. As of June 15, there was short interest totaling 23,000 shares, down 25.1% from the May 31 total of 30,700 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume of 186,800 shares, the short interest ratio is currently 0.1 day.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Rice Hall James & Associates LLC increased its holding in Points.com stock by 1.7% in Q1. Rice Hall James & Associates LLC now owns 707,230 shares of the information services provider worth $13,091,000 after acquiring 11,869 additional shares in the last quarter. Royal Bank of Canada increased its holdings in Points.com by 12.2% in Q1. Royal Bank of Canada now owns 48,507 shares of the information services provider valued at $897,000 after buying an additional 5,270 shares last quarter. State Street Corp increased its holdings in Points.com by 2.6% in the first quarter. State Street Corp now owns 24,232 shares of the information services provider valued at $449,000 after buying an additional 605 shares last quarter. Ancora Advisors LLC increased its stake in Points.com by 18.4% in the 1st quarter. Ancora Advisors LLC now owns 26,074 shares of the information services provider valued at $397,000 after buying an additional 4,060 shares last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Points.com by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,141 shares of the information services provider valued at $613,000 after buying 1,166 additional shares in the last quarter. Hedge funds and other institutional investors own 60.43% of the company’s shares.

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NASDAQ:PCOM opened at $24.99 on Friday. Points.com has a 52-week minimum of $13.98 and a 52-week maximum of $25.00. The stock’s 50-day moving average price is $22.92 and its 200-day moving average price is $18.87. The company has a market capitalization of $373.43 million, a P/E ratio of 178.50 and a beta of 1.40.

Points.com (NASDAQ:PCOM – Get Rating) (TSE:PTS) last released quarterly earnings data on Wednesday, May 11. The information services provider reported earnings per share (EPS) of $0.09 for the quarter, beating analyst consensus estimates of $0.01 by $0.08. Points.com had a return on equity of 4.15% and a net margin of 0.48%. The company posted revenue of $127.42 million in the quarter, compared to $97.20 million expected by analysts. On average, stock analysts predict Points.com will post 0.26 earnings per share for the current year.

Several analysts have recently commented on PCOM shares. Northland Securities reduced Points.com shares from an “outperforming” rating to a “market performing” rating and set a target price of $25.00 for the company. in a research note on Thursday, May 12. StockNews.com kicked off coverage on Points.com stocks in a Wednesday, June 22 report. They issued a “buy” rating for the company. Barrington Research downgraded Points.com shares from an “outperform” rating to an “underperform” rating in a Monday, May 9, research report. Finally, Royal Bank of Canada downgraded Points.com shares from an “outperforming” rating to an “sector outperforming” rating and set a price target of $25.00 for the stock. in a report on Tuesday, May 31.

About Points.com (Get a rating)

Points.com Inc provides technology solutions to the loyalty industry in the United States, Europe and internationally. It offers currency retail for its members to get more of their currency, whenever they need it; Travel Accrual allowing its members to book a hotel, a car or an activity and earn money; Daily accrual for members to earn money on daily purchases; Travel rewards allowing members to exchange their currency for hotel stays and car rentals; Daily rewards allowing members to exchange their currency for more than trips; and Currency Utility allowing members to do so much more with currency.

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