Finjan Holdings Inc (NASDAQ:FNJN) Short Interest Up 13.0% in May

Finjan Holdings Inc (NASDAQ:FNJN) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 409,200 shares, a growth of 13.0% from the April 30th total of 362,100 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 98,700 shares, the days-to-cover ratio is presently 4.1 days.

Several hedge funds have recently made changes to their positions in FNJN. Alambic Investment Management L.P. purchased a new stake in Finjan in the 4th quarter valued at about $501,000. Globeflex Capital L P raised its holdings in Finjan by 12.1% in the 1st quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock valued at $227,000 after buying an additional 8,373 shares during the period. Perritt Capital Management Inc. raised its holdings in Finjan by 46.9% in the 4th quarter. Perritt Capital Management Inc. now owns 117,500 shares of the software maker’s stock valued at $295,000 after buying an additional 37,500 shares during the period. JPMorgan Chase & Co. raised its holdings in Finjan by 79.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 383,222 shares of the software maker’s stock valued at $1,652,000 after buying an additional 170,164 shares during the period. Finally, Bailard Inc. purchased a new stake in Finjan in the 1st quarter valued at about $76,000. 55.48% of the stock is currently owned by hedge funds and other institutional investors.

FNJN has been the topic of a number of research analyst reports. Dawson James reissued a “buy” rating on shares of Finjan in a research note on Friday, March 29th. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine raised shares of Yara International ASA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th.

Shares of FNJN stock traded down $0.03 on Friday, hitting $2.29. 136,051 shares of the stock traded hands, compared to its average volume of 87,241. The company’s 50-day moving average price is $2.31. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $63.23 million, a PE ratio of 3.27 and a beta of 0.41. Finjan has a twelve month low of $2.11 and a twelve month high of $5.54.

Finjan (NASDAQ:FNJN) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.03). As a group, equities research analysts expect that Finjan will post 0.5 EPS for the current fiscal year.

About Finjan

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.

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