Paltalk, Inc. (NASDAQ:PALT – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 13,900 shares, an increase of 124.2% from the June 15th total of 6,200 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.
Analysts Set New Price Targets
Separately, Maxim Group dropped their target price on shares of Paltalk from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, May 10th.
View Our Latest Research Report on PALT
Paltalk Price Performance
Paltalk (NASDAQ:PALT – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) EPS for the quarter. Paltalk had a negative return on equity of 4.07% and a negative net margin of 7.45%. The firm had revenue of $2.60 million during the quarter.
Hedge Funds Weigh In On Paltalk
A hedge fund recently bought a new stake in Paltalk stock. Virtu Financial LLC purchased a new stake in Paltalk, Inc. (NASDAQ:PALT – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,431 shares of the company’s stock, valued at approximately $75,000. Virtu Financial LLC owned 0.26% of Paltalk as of its most recent SEC filing. Institutional investors and hedge funds own 3.88% of the company’s stock.
Paltalk Company Profile
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.
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