CoreCard Co. (NYSE:CCRD) Short Interest Update

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

Institutional Trading of CoreCard

A number of hedge funds and other institutional investors have recently bought and sold shares of CCRD. Cubist Systematic Strategies LLC acquired a new stake in CoreCard during the 2nd quarter worth $160,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CoreCard during the second quarter worth about $145,000. Barclays PLC lifted its holdings in shares of 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. Vanguard Group Inc. boosted its position in shares of CoreCard by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 455,943 shares of the company’s stock valued at $5,038,000 after purchasing an additional 3,675 shares during the period. Finally, FMR LLC grew its stake in CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after buying an additional 2,725 shares during the last quarter. 43.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley lowered 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 note on Thursday, October 3rd.

CoreCard Stock Up 1.4 %

Shares of CCRD stock traded up $0.31 during trading on Tuesday, reaching $22.26. The company’s stock had a trading volume of 49,348 shares, compared to its average volume of 40,386. CoreCard has a 1-year low of $10.02 and a 1-year high of $24.22. The stock’s 50-day moving average price is $17.56 and its 200 day moving average price is $15.04. The company 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 debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 4.90.

About CoreCard

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.