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.

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About PFSweb

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.

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