Helios and Matheson Analytics Inc (HMNY) Sees Significant Increase in Short Interest

Helios and Matheson Analytics Inc (NASDAQ:HMNY) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 7,078,711 shares, a growth of 21.4% from the January 12th total of 5,829,346 shares. Approximately 139.8% of the company’s stock are short sold. Based on an average daily volume of 6,183,284 shares, the days-to-cover ratio is currently 1.1 days.

Separately, Maxim Group increased their price objective on shares of Helios and Matheson Analytics from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, November 6th.

In related news, Director Muralikrishna Gadiyaram sold 170,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $13.00, for a total transaction of $2,210,000.00. Following the sale, the director now directly owns 750,000 shares of the company’s stock, valued at approximately $9,750,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 29.00% of the company’s stock.

A hedge fund recently bought a new stake in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC acquired a new stake in shares of Helios and Matheson Analytics Inc (NASDAQ:HMNY) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics comprises about 0.5% of Phoenix Investment Adviser LLC’s investment portfolio, making the stock its 29th biggest position. Phoenix Investment Adviser LLC owned about 0.48% of Helios and Matheson Analytics at the end of the most recent reporting period. 1.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Helios and Matheson Analytics (NASDAQ:HMNY) traded down $0.61 during mid-day trading on Friday, reaching $7.73. 3,471,209 shares of the company traded hands, compared to its average volume of 6,499,170. Helios and Matheson Analytics has a one year low of $2.20 and a one year high of $38.86. The stock has a market cap of $190.65, a P/E ratio of -1.71 and a beta of 0.86.

COPYRIGHT VIOLATION WARNING: “Helios and Matheson Analytics Inc (HMNY) Sees Significant Increase in Short Interest” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/09/helios-and-matheson-analytics-inc-hmny-sees-significant-increase-in-short-interest.html.

About Helios and Matheson Analytics

Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.

Receive News & Ratings for Helios and Matheson Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios and Matheson Analytics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply