CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 254,100 shares, a decline of 14.4% from the January 15th total of 296,900 shares. Based on an average trading volume of 65,900 shares, the days-to-cover ratio is presently 3.9 days. Currently, 5.7% of the shares of the company are sold short.

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in shares of CPI Card Group by 90,909.1% during the second quarter. Wells Fargo & Company MN now owns 10,011 shares of the credit services provider’s stock valued at $25,000 after buying an additional 10,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of CPI Card Group by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 148,882 shares of the credit services provider’s stock worth $134,000 after buying an additional 21,303 shares in the last quarter. Mariner Investment Group LLC boosted its position in shares of CPI Card Group by 118.3% in the fourth quarter. Mariner Investment Group LLC now owns 97,542 shares of the credit services provider’s stock valued at $88,000 after acquiring an additional 52,861 shares during the period. Finally, Millennium Management LLC boosted its position in shares of CPI Card Group by 1,080.2% in the third quarter. Millennium Management LLC now owns 62,620 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 57,314 shares during the period. 8.08% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on PMTS. ValuEngine downgraded CPI Card Group from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Zacks Investment Research cut CPI Card Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

PMTS traded up $0.06 during trading on Friday, reaching $0.81. 5,752 shares of the company were exchanged, compared to its average volume of 50,368. CPI Card Group has a 12-month low of $0.61 and a 12-month high of $4.02. The company’s 50-day moving average is $0.85 and its two-hundred day moving average is $1.73. The company has a market cap of $8.97 million, a price-to-earnings ratio of -0.95 and a beta of 0.74.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through U.S. Debit and Credit, U.S. Prepaid Debit, and Other segments. The U.S. Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing banks in the United States.

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