Points International Ltd. (NASDAQ:PCOM) Sees Large Decline in Short Interest

Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 12,100 shares, a drop of 56.2% from the August 30th total of 27,600 shares. Based on an average trading volume of 47,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Shares of Points International stock traded down $0.01 on Friday, hitting $11.16. 27,078 shares of the company’s stock were exchanged, compared to its average volume of 35,627. The company has a 50-day simple moving average of $11.28 and a 200-day simple moving average of $11.92. The stock has a market capitalization of $150.88 million, a PE ratio of 13.65 and a beta of 1.08. Points International has a 1 year low of $8.30 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.23 and a current ratio of 1.23.

Points International (NASDAQ:PCOM) (TSE:PTS) last issued its quarterly earnings results on Thursday, August 1st. The information services provider reported $0.45 earnings per share for the quarter. The business had revenue of $100.23 million for the quarter. Points International had a net margin of 3.05% and a return on equity of 29.15%.

Several institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. boosted its stake in shares of Points International by 60.8% during the 3rd quarter. North Star Investment Management Corp. now owns 65,925 shares of the information services provider’s stock worth $723,000 after acquiring an additional 24,923 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Points International during the 2nd quarter worth $1,015,000. Russell Investments Group Ltd. boosted its stake in shares of Points International by 82.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 46,050 shares of the information services provider’s stock worth $568,000 after acquiring an additional 20,844 shares during the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in shares of Points International during the 2nd quarter worth $321,000. Institutional investors and hedge funds own 54.38% of the company’s stock.

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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