ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) Sees Significant Growth in Short Interest

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 5,695 shares, a growth of 187.2% from the December 31st total of 1,983 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 39,397 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 39,397 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

ACCESS Newswire Stock Performance

Shares of ACCS opened at $8.64 on Friday. The company has a market capitalization of $33.44 million, a PE ratio of -6.22 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. The company’s 50 day moving average price is $9.02 and its 200 day moving average price is $10.03. ACCESS Newswire has a 52 week low of $7.72 and a 52 week high of $13.35.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter. ACCESS Newswire had a negative net margin of 23.53% and a positive return on equity of 5.58%. The company had revenue of $5.72 million during the quarter. Research analysts expect that ACCESS Newswire will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On ACCESS Newswire

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC bought a new stake in shares of ACCESS Newswire in the 2nd quarter valued at approximately $8,724,000. Punch & Associates Investment Management Inc. lifted its stake in ACCESS Newswire by 7.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company’s stock valued at $1,484,000 after acquiring an additional 9,960 shares during the last quarter. Bard Associates Inc. grew its position in ACCESS Newswire by 1.9% in the third quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock worth $1,443,000 after acquiring an additional 2,511 shares in the last quarter. Herald Investment Management Ltd acquired a new position in shares of ACCESS Newswire during the 3rd quarter worth $956,000. Finally, Geode Capital Management LLC bought a new position in shares of ACCESS Newswire during the 2nd quarter valued at $362,000. 50.02% of the stock is owned by hedge funds and other institutional investors.

ACCESS Newswire Company Profile

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.