Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 12,100 shares, a decrease of 56.2% from the August 30th total of 27,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 47,200 shares, the days-to-cover ratio is presently 0.3 days.
Large investors have recently made changes to their positions in the stock. Seizert Capital Partners LLC bought a new stake in Points International during the 2nd quarter valued at approximately $321,000. Russell Investments Group Ltd. boosted its stake in Points International by 82.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 46,050 shares of the information services provider’s stock valued at $568,000 after purchasing an additional 20,844 shares during the period. North Star Investment Management Corp. boosted its stake in Points International by 60.8% during the 3rd quarter. North Star Investment Management Corp. now owns 65,925 shares of the information services provider’s stock valued at $723,000 after purchasing an additional 24,923 shares during the period. Finally, Marshall Wace LLP bought a new stake in Points International during the 2nd quarter valued at approximately $1,015,000. Hedge funds and other institutional investors own 54.38% of the company’s stock.
NASDAQ:PCOM traded down $0.01 during mid-day trading on Friday, hitting $11.16. 27,078 shares of the company’s stock traded hands, compared to its average volume of 35,627. The firm has a 50 day moving average of $11.28 and a two-hundred day moving average of $11.92. Points International has a 12 month low of $8.30 and a 12 month high of $14.95. The firm has a market capitalization of $150.88 million, a price-to-earnings ratio of 13.65 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.07.
Points International (NASDAQ:PCOM) (TSE:PTS) last announced its earnings results on Thursday, August 1st. The information services provider reported $0.45 earnings per share for the quarter. Points International had a return on equity of 29.15% and a net margin of 3.05%. The firm had revenue of $100.23 million during the quarter.
About Points International
Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.
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