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.
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.
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.
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