Points International Ltd. (NASDAQ:PCOM) Short Interest Down 22.8% in September

Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 25,400 shares, a decrease of 22.8% from the August 31st total of 32,900 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 40,300 shares, the short-interest ratio is currently 0.6 days.

Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in Points International in the 2nd quarter valued at $34,000. Fortis Advisors LLC acquired a new position in Points International during the first quarter worth approximately $111,000. Russell Investments Group Ltd. increased its position in Points International by 43.7% during the first quarter. Russell Investments Group Ltd. now owns 34,534 shares of the information services provider’s stock worth $283,000 after buying an additional 10,501 shares during the period. Finally, FDx Advisors Inc. acquired a new position in Points International during the first quarter worth approximately $2,688,000. Hedge funds and other institutional investors own 54.49% of the company’s stock.

A number of equities research analysts have recently issued reports on PCOM shares. ValuEngine cut shares of Points International from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Zacks Investment Research cut shares of Points International from a “buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Barrington Research reiterated a “buy” rating and set a $18.00 price objective on shares of Points International in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.02.

Shares of Points International stock traded up $0.23 on Thursday, hitting $9.91. 13,653 shares of the company traded hands, compared to its average volume of 67,340. The stock has a market capitalization of $128.04 million, a P/E ratio of 88.01 and a beta of 1.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.69 and a current ratio of 1.69. Points International has a 52 week low of $6.89 and a 52 week high of $19.06. The business has a 50-day simple moving average of $10.59 and a 200 day simple moving average of $9.49.

Points International (NASDAQ:PCOM) (TSE:PTS) last released its quarterly earnings data on Wednesday, August 12th. The information services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. The firm had revenue of $40.91 million for the quarter, compared to analysts’ expectations of $42.85 million. Points International had a net margin of 0.51% and a return on equity of 9.12%. Research analysts expect that Points International will post -0.1 earnings per share for the current year.

About Points International

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.

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