Short Interest Coverage: Cpi Card Group Incorporated (NASDAQ:PMTS) Stock Is Shorted Less

November 30, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: Cpi Card Group Incorporated (NASDAQ:PMTS) Stock Is Shorted Less

The stock of Cpi Card Group Incorporated (NASDAQ:PMTS) registered a decrease of 8.21% in short interest. PMTS’s total short interest was 2.96 million shares in November as published by FINRA. Its down 8.21% from 3.22 million shares, reported previously. With 164,400 shares average volume, it will take short sellers 18 days to cover their PMTS’s short positions. The short interest to Cpi Card Group Incorporated’s float is 15.22%. About 122,025 shares traded hands. CPI Card Group Inc (NASDAQ:PMTS) has declined 53.93% since April 27, 2016 and is downtrending. It has underperformed by 59.16% the S&P500.

CPI Card Group Inc., formerly CPI Holdings I, Inc., provides Financial Payment Card solutions in North America. The company has a market cap of $199.27 million. The Firm is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada. It has a 26.99 P/E ratio. It is also engaged in the design, production, data personalization, packaging and fulfillment of retail gift and loyalty cards.

CPI Card Group Inc (NASDAQ:PMTS) Ratings Coverage

Out of 7 analysts covering CPI Card Group (NASDAQ:PMTS), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. CPI Card Group has been the topic of 12 analyst reports since November 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by IBC on Thursday, November 10 to “Sector Underperform”. The company was initiated on Tuesday, November 3 by William Blair. Robert W. Baird initiated the stock with “Outperform” rating in Tuesday, November 3 report. The firm has “Outperform” rating given on Tuesday, November 3 by Raymond James. The firm has “Buy” rating by Goldman Sachs given on Monday, November 9. The stock of CPI Card Group Inc (NASDAQ:PMTS) earned “Neutral” rating by Robert W. Baird on Thursday, May 12. The firm has “Buy” rating given on Tuesday, June 28 by Craig Hallum. On Thursday, May 12 the stock rating was downgraded by IBC to “Sector Perform”. The stock of CPI Card Group Inc (NASDAQ:PMTS) earned “Outperform” rating by BMO Capital Markets on Tuesday, November 3. Goldman Sachs downgraded CPI Card Group Inc (NASDAQ:PMTS) on Thursday, May 12 to “Neutral” rating.

PMTS Company Profile

CPI Card Group Inc., formerly CPI Holdings I, Inc., incorporated on June 4, 2007, is a well-known provider of Financial Payment Card solutions in North America. The Company’s divisions include U.S. Debit and Credit, U.S. Prepaid Debit, U.K. Limited and Other. The Firm is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which the Company defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands (Visa, MasterCard, American Express, Discover and Interac (in Canada)) in the United States, Europe and Canada. The Firm is also engaged in the design, production, data personalization, packaging and fulfillment of retail gift and loyalty cards (primarily in Europe and Canada).

More notable recent CPI Card Group Inc (NASDAQ:PMTS) news were published by: Marketwatch.com which released: “CPI Card Group Inc.” on September 03, 2015, also Fool.com with their article: “Why CPI Card Group Inc. Is Plummeting Today” published on May 12, 2016, Businesswire.com published: “CPI Card Group-Canada Inc. Selected by Ontario Lottery and Gaming Corporation …” on November 22, 2016. More interesting news about CPI Card Group Inc (NASDAQ:PMTS) were released by: Businesswire.com and their article: “CPI Card Group Introduces End-to-End Support for Open-Loop Digital Prepaid Cards” published on October 24, 2016 as well as Prnewswire.com‘s news article titled: “Shareholder Class Action Filed Against CPI Card Group, Inc. – PMTS” with publication date: June 16, 2016.

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By Richard Conner


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