CoreCard Co. (NYSE:CCRD) Short Interest Update

CoreCard Co. (NYSE:CCRD) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 241,800 shares, a drop of 6.1% from the October 31st total of 257,500 shares. Based on an average daily volume of 33,000 shares, the short-interest ratio is presently 7.3 days. Currently, 4.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, B. Riley downgraded CoreCard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Thursday, October 3rd.

Institutional Investors Weigh In On CoreCard

Several institutional investors have recently bought and sold shares of the business. Monarch Capital Management Inc. boosted its position in CoreCard by 1.0% in the 2nd quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock valued at $1,353,000 after buying an additional 925 shares during the last quarter. American Century Companies Inc. boosted its stake in CoreCard by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock valued at $509,000 after acquiring an additional 1,061 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of CoreCard by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after purchasing an additional 1,790 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of CoreCard by 0.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 307,771 shares of the company’s stock worth $4,490,000 after purchasing an additional 1,890 shares during the last quarter. Finally, FMR LLC grew its stake in CoreCard by 72.0% in the third quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after purchasing an additional 2,725 shares in the last quarter. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

CoreCard Trading Up 1.7 %

Shares of NYSE CCRD traded up $0.37 during midday trading on Tuesday, hitting $21.91. The stock had a trading volume of 77,507 shares, compared to its average volume of 40,068. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. CoreCard has a 1-year low of $10.02 and a 1-year high of $21.97. The company has a market capitalization of $173.09 million, a price-to-earnings ratio of 43.43 and a beta of 0.51. The company has a fifty day moving average price of $15.54 and a 200 day moving average price of $14.29.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.