Paltalk, Inc. (NASDAQ:PALT) Short Interest Down 20.6% in December

Paltalk, Inc. (NASDAQ:PALT) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 25,800 shares, a drop of 20.6% from the November 30th total of 32,500 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is presently 0.5 days.

Paltalk Price Performance

Paltalk stock traded down $0.17 during midday trading on Monday, hitting $1.98. 99,296 shares of the company were exchanged, compared to its average volume of 82,833. Paltalk has a fifty-two week low of $1.52 and a fifty-two week high of $5.50. The company’s fifty day moving average price is $1.89 and its 200-day moving average price is $3.07. The company has a market cap of $18.29 million, a PE ratio of -5.82 and a beta of 0.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Paltalk stock. GSA Capital Partners LLP bought a new stake in Paltalk, Inc. (NASDAQ:PALT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned approximately 0.22% of Paltalk as of its most recent SEC filing. Institutional investors own 3.88% of the company’s stock.

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.