Paltalk, Inc. (NASDAQ:PALT) Short Interest Down 20.8% in April

Paltalk, Inc. (NASDAQ:PALT) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 17,100 shares, a decline of 20.8% from the March 31st total of 21,600 shares. Based on an average trading volume of 132,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Paltalk Price Performance

NASDAQ:PALT traded up $0.13 during mid-day trading on Friday, reaching $3.75. The stock had a trading volume of 10,608 shares, compared to its average volume of 38,487. Paltalk has a twelve month low of $1.53 and a twelve month high of $5.19. The business has a 50 day simple moving average of $3.92 and a 200 day simple moving average of $3.02.

Paltalk (NASDAQ:PALT) last posted its quarterly earnings results on Friday, March 15th. The company reported ($0.03) earnings per share for the quarter. Paltalk had a negative net margin of 9.72% and a negative return on equity of 5.25%. The business had revenue of $2.69 million during the quarter.

Insider Activity

In other news, major shareholder J. Crew Delaware Trust B sold 12,697 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $4.97, for a total transaction of $63,104.09. Following the completion of the sale, the insider now owns 1,477,423 shares in the company, valued at $7,342,792.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 23,349 shares of company stock valued at $116,002 in the last ninety days. 17.80% of the stock is currently owned by company insiders.

About Paltalk

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or land line telephone number.