Short Interest Worth Watching: CACHET FINANCIAL SOLUTIONS INC. (OTCBB:CAFN) Shorted Shares Decreased By 32.26%

November 28, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Worth Watching: CACHET FINANCIAL SOLUTIONS  INC. (OTCBB:CAFN) Shorted Shares Decreased By 32.26%

The stock of CACHET FINANCIAL SOLUTIONS INC. (OTCBB:CAFN) registered a decrease of 32.26% in short interest. CAFN’s total short interest was 6,300 shares in November as published by FINRA. Its down 32.26% from 9,300 shares, reported previously. With 2,900 shares average volume, it will take short sellers 2 days to cover their CAFN’s short positions. The stock last traded at $4.8 per share. It is down 15.79% since April 25, 2016 and is downtrending. It has underperformed by 21.80% the S&P500.

Cachet Financial Solutions, Inc. is a technology solutions and services well-known provider to the financial services industry. The company has a market cap of $14.49 million. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers to offer their clients remote deposit capture (RDC) and prepaid mobile money technologies and related services. It currently has negative earnings. It offers RDC products for businesses and consumers; mobile money management products for consumers, and training and support services for its financial services industry customers.

CAFN Company Profile

Cachet Financial Solutions, Inc., incorporated on February 24, 2010, is a technology solutions and services well-known provider to the financial services industry. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers (AFS) to offer their clients remote deposit capture (RDC) and prepaid mobile money technologies and related services. The Firm offers RDC products for businesses and consumers; mobile money management products for consumers, and training and support services for its financial services industry customers. The RDC products are offered to banks and credit unions in the United States, Canada and Latin America. The Company’s mobile money management products are offered to traditional financial institutions (FIs), as well as AFS in the United States, Canada and Latin America. These FIs and AFS providers include banks, credit unions, prepaid card issuers, check cashers and payday lenders. The Firm also markets its cloud software as a service (SaaS) solutions to the providers of non-traditional banking services to the unbanked market. The Firm operates business through its wholly owned subsidiary, Cachet Financial Solutions Inc.

More notable recent Cachet Financial Solutions Inc (OTCBB:CAFN) news were published by: Globenewswire.com which released: “Cachet Financial Solutions Announces Reverse Stock Split for a Proposed …” on July 26, 2016, also Globenewswire.com with their article: “Rapid Financial Solutions Partners with Cachet Financial Solutions to Deliver …” published on July 20, 2016, Globenewswire.com published: “Cachet Financial Solutions Reports Record First Quarter 2016 Results” on May 05, 2016. More interesting news about Cachet Financial Solutions Inc (OTCBB:CAFN) were released by: Globenewswire.com and their article: “Cachet Financial Solutions Names Former Visa Executive, Walt Granville, as New …” published on November 17, 2015 as well as Seekingalpha.com‘s news article titled: “Wish You Found Fiserv And Jack Henry 10 Years Ago? Take A Look At Cachet Financial” with publication date: November 03, 2015.

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By Hazel Jackson


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