CoreCard Co. (NYSE:CCRD) Short Interest Down 6.1% in November

CoreCard Co. (NYSE:CCRD) saw a significant drop in short interest in 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. Approximately 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 33,000 shares, the short-interest ratio is currently 7.3 days.

Hedge Funds Weigh In On CoreCard

A number of institutional investors have recently modified their holdings of CCRD. Vanguard Group Inc. lifted its holdings in shares of CoreCard by 0.8% during the first quarter. Vanguard Group Inc. now owns 455,943 shares of the company’s stock worth $5,038,000 after purchasing an additional 3,675 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of CoreCard by 0.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 307,771 shares of the company’s stock valued at $4,490,000 after buying an additional 1,890 shares in the last quarter. Monarch Capital Management Inc. grew its stake in shares of CoreCard by 1.0% during the 2nd quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock worth $1,353,000 after purchasing an additional 925 shares during the period. American Century Companies Inc. increased its holdings in shares of CoreCard by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock valued at $509,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of CoreCard during the 2nd quarter valued at approximately $160,000. 43.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CoreCard Stock Up 1.7 %

NYSE:CCRD traded up $0.37 during midday trading on Tuesday, hitting $21.91. 77,507 shares of the company were exchanged, compared to its average volume of 40,068. The company has a market capitalization of $173.09 million, a PE ratio of 43.43 and a beta of 0.51. CoreCard has a fifty-two week low of $10.02 and a fifty-two week high of $21.97. The company has a fifty day simple moving average of $15.54 and a 200 day simple moving average of $14.29. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04.

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.