Cantaloupe, Inc. (NASDAQ:CTLP) Sees Significant Decline in Short Interest

Cantaloupe, Inc. (NASDAQ:CTLP) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,210,000 shares, a decrease of 5.2% from the December 15th total of 2,330,000 shares. Based on an average daily trading volume, of 411,200 shares, the days-to-cover ratio is currently 5.4 days. Currently, 3.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Cantaloupe

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Cantaloupe by 25.3% during the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock worth $265,000 after buying an additional 5,612 shares in the last quarter. UMB Bank n.a. bought a new stake in Cantaloupe during the fourth quarter worth $153,000. JPMorgan Chase & Co. boosted its position in Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after purchasing an additional 86,109 shares during the last quarter. Virtu Financial LLC bought a new position in Cantaloupe in the 3rd quarter valued at $156,000. Finally, Barclays PLC increased its position in shares of Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after purchasing an additional 83,316 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Northland Securities raised their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Benchmark boosted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Monday, November 4th.

Cantaloupe Stock Up 0.5 %

CTLP stock opened at $8.15 on Friday. The firm has a market capitalization of $594.87 million, a PE ratio of 47.94 and a beta of 1.64. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. Cantaloupe has a twelve month low of $5.74 and a twelve month high of $10.48. The stock’s 50 day moving average is $9.15 and its 200-day moving average is $8.07.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The business had revenue of $70.84 million for the quarter, compared to analysts’ expectations of $70.54 million. During the same period last year, the business earned $0.02 EPS. Sell-side analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.