Short Interest in Paltalk, Inc. (NASDAQ:PALT) Declines By 20.6%

Paltalk, Inc. (NASDAQ:PALT) was the target of a significant drop in short interest during the month of 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. Based on an average trading volume of 53,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Paltalk Stock Performance

Paltalk stock traded up $0.41 during trading on Friday, reaching $2.15. The company had a trading volume of 251,048 shares, compared to its average volume of 82,767. The firm has a market capitalization of $19.86 million, a price-to-earnings ratio of -6.32 and a beta of 0.86. Paltalk has a 12-month low of $1.52 and a 12-month high of $5.50. The stock’s 50 day moving average price is $1.89 and its two-hundred day moving average price is $3.07.

Institutional Investors Weigh In On Paltalk

A hedge fund recently bought a new stake in Paltalk stock. GSA Capital Partners LLP acquired a new position in shares of Paltalk, Inc. (NASDAQ:PALT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned approximately 0.22% of Paltalk at the end of the most recent reporting period. 3.88% of the stock is owned by hedge funds and other institutional investors.

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.