Datalink Sees Significant Decrease in Short Interest (DTLK)
Shares of Datalink (NASDAQ:DTLK) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 477,436 shares, a decrease of 34.4% from the July 15th total of 727,333 shares, ARN reports. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 182,260 shares, the days-to-cover ratio is presently 2.6 days.
Datalink (NASDAQ:DTLK) opened at 11.62 on Friday. Datalink has a one year low of $8.61 and a one year high of $15.84. The stock’s 50-day moving average is $10.57 and its 200-day moving average is $11.87. The company has a market cap of $261.4 million and a P/E ratio of 24.49.
Datalink (NASDAQ:DTLK) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.09. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $149.63 million. During the same quarter last year, the company posted $0.26 earnings per share. Datalink’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Datalink will post $0.80 earnings per share for the current fiscal year.
Datalink Corporation designs, deploys, manages, and supports infrastructures, such as servers, storage and networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.