Short Interest in Points International Ltd. (NASDAQ:PCOM) Decreases By 89.3%

Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,900 shares, a drop of 89.3% from the December 15th total of 17,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 0.1 days.

A hedge fund recently raised its stake in Points International stock. QV Investors Inc. boosted its position in Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 996,966 shares of the information services provider’s stock after acquiring an additional 8,774 shares during the period. Points International comprises approximately 1.3% of QV Investors Inc.’s holdings, making the stock its 26th biggest holding. QV Investors Inc. owned 6.67% of Points International worth $17,054,000 at the end of the most recent quarter. 56.41% of the stock is currently owned by institutional investors.

Shares of NASDAQ:PCOM opened at $15.44 on Friday. Points International has a 52 week low of $13.18 and a 52 week high of $18.90. The company has a 50-day moving average price of $16.36 and a 200 day moving average price of $16.95.

Points International (NASDAQ:PCOM) (TSE:PTS) last issued its earnings results on Wednesday, November 10th. The information services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.12). Points International had a negative net margin of 0.82% and a negative return on equity of 4.32%. The company had revenue of $86.87 million during the quarter, compared to analysts’ expectations of $92.70 million. During the same period last year, the business posted ($0.19) earnings per share. On average, sell-side analysts anticipate that Points International will post -0.11 earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of Points International from a “buy” rating to a “sell” rating in a research report on Wednesday, October 20th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $20.75.

About Points International

Points International Ltd. engages in the provision of ecommerce and technology solutions. It operates through the following segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment offers products and services designed to help loyalty program members unlock the value of loyalty currency and accelerate the time to a reward.

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