CoreCard Co. (NYSE:CCRD) Short Interest Update

CoreCard Co. (NYSE:CCRD) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 241,800 shares, a decrease of 6.1% from the October 31st total of 257,500 shares. Approximately 4.2% of the company’s stock are short sold. Based on an average daily volume of 33,000 shares, the short-interest ratio is currently 7.3 days.

CoreCard Trading Up 1.7 %

Shares of NYSE CCRD opened at $21.91 on Wednesday. The stock has a market cap of $173.09 million, a price-to-earnings ratio of 44.71 and a beta of 0.51. The business has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $14.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. CoreCard has a 52 week low of $10.02 and a 52 week high of $21.97.

Institutional Trading of CoreCard

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in CoreCard in the 2nd quarter worth approximately $145,000. Vanguard Group Inc. grew its stake in CoreCard by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 455,943 shares of the company’s stock valued at $5,038,000 after buying an additional 3,675 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in CoreCard in the 2nd quarter worth $160,000. American Century Companies Inc. lifted its position in CoreCard by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock worth $509,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Monarch Capital Management Inc. grew its position in shares of CoreCard by 1.0% in the second quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock valued at $1,353,000 after purchasing an additional 925 shares during the last quarter. 43.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley downgraded shares of CoreCard from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Thursday, October 3rd.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.