ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) Sees Large Decline in Short Interest

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,804 shares, a decline of 49.2% from the November 30th total of 3,548 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 15,693 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 15,693 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

ACCESS Newswire Stock Performance

NYSEAMERICAN:ACCS traded down $0.30 during midday trading on Friday, reaching $8.58. 6,014 shares of the stock traded hands, compared to its average volume of 12,895. The company has a market cap of $33.20 million, a PE ratio of -6.17 and a beta of 0.78. ACCESS Newswire has a 12-month low of $7.72 and a 12-month high of $13.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50-day moving average price of $8.86.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $5.72 million for the quarter. ACCESS Newswire had a positive return on equity of 5.58% and a negative net margin of 23.53%. Research analysts anticipate that ACCESS Newswire will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On ACCESS Newswire

Several institutional investors have recently added to or reduced their stakes in ACCS. Bridgeway Capital Management LLC acquired a new position in shares of ACCESS Newswire during the second quarter valued at about $163,000. Mink Brook Asset Management LLC acquired a new position in ACCESS Newswire during the 3rd quarter valued at approximately $219,000. Geode Capital Management LLC purchased a new position in shares of ACCESS Newswire in the second quarter worth $362,000. Herald Investment Management Ltd acquired a new stake in shares of ACCESS Newswire during the third quarter worth $956,000. Finally, Bard Associates Inc. grew its holdings in shares of ACCESS Newswire by 1.9% during the third quarter. Bard Associates Inc. now owns 134,452 shares of the company’s stock valued at $1,443,000 after buying an additional 2,511 shares during the last quarter. Institutional investors and hedge funds own 50.02% of the company’s stock.

ACCESS Newswire Company Profile

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.