Short Interest in PFSweb, Inc. (PFSW) Decreases By 40.4%
PFSweb, Inc. (NASDAQ:PFSW) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 469,502 shares, a decrease of 40.4% from the June 15th total of 788,202 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 227,776 shares, the days-to-cover ratio is currently 2.1 days.
Shares of PFSweb (PFSW) opened at 8.17 on Monday. The stock’s market cap is $153.83 million. PFSweb has a 52-week low of $5.83 and a 52-week high of $11.21. The company’s 50 day moving average price is $7.31 and its 200 day moving average price is $7.49.
A number of analysts have commented on PFSW shares. B. Riley restated a “buy” rating and issued a $13.00 price target on shares of PFSweb in a research report on Wednesday, March 22nd. Zacks Investment Research cut PFSweb from a “hold” rating to a “sell” rating in a research report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. PFSweb has an average rating of “Buy” and an average target price of $12.79.
In other PFSweb news, insider Christopher Travis Hess sold 3,908 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $7.00, for a total value of $27,356.00. Following the completion of the sale, the insider now owns 1,017 shares in the company, valued at $7,119. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Cynthia D. Almond sold 57,654 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the completion of the sale, the executive vice president now owns 77,863 shares of the company’s stock, valued at approximately $622,904. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,072 shares of company stock valued at $548,881. Company insiders own 5.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in PFSW. Parametric Portfolio Associates LLC raised its position in shares of PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock valued at $153,000 after buying an additional 4,811 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of PFSweb during the first quarter valued at $185,000. Mesirow Financial Investment Management Equity Management raised its position in shares of PFSweb by 47.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 32,950 shares of the business services provider’s stock valued at $215,000 after buying an additional 10,570 shares in the last quarter. Oxford Asset Management raised its position in shares of PFSweb by 103.3% in the first quarter. Oxford Asset Management now owns 36,146 shares of the business services provider’s stock valued at $236,000 after buying an additional 18,367 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock valued at $303,000 after buying an additional 14,524 shares in the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/07/17/short-interest-in-pfsweb-inc-pfsw-decreases-by-40-4.html.
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
Receive News & Ratings for PFSweb Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PFSweb Inc. and related companies with MarketBeat.com's FREE daily email newsletter.