CoreCard Co. (NYSE:CCRD) Short Interest Update

CoreCard Co. (NYSE:CCRD) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 214,800 shares, a decline of 11.2% from the November 15th total of 241,800 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 6.2 days.

CoreCard Stock Up 1.4 %

NYSE CCRD traded up $0.31 on Tuesday, reaching $22.26. The company had a trading volume of 49,348 shares, compared to its average volume of 40,386. The firm has a market capitalization of $175.88 million, a price-to-earnings ratio of 45.43 and a beta of 0.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. CoreCard has a 1-year low of $10.02 and a 1-year high of $24.22. The company’s fifty day moving average is $17.56 and its 200-day moving average is $15.04.

Hedge Funds Weigh In On CoreCard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Monarch Capital Management Inc. lifted its position in 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 buying an additional 925 shares in the last quarter. American Century Companies Inc. raised 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 during the period. Victory Capital Management Inc. raised its holdings in shares of CoreCard by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after purchasing an additional 1,790 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of CoreCard by 0.6% in the 2nd 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 purchasing an additional 1,890 shares during the period. Finally, FMR LLC raised its holdings in shares of CoreCard by 72.0% in the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after purchasing an additional 2,725 shares during the period. 43.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.