CPI Card Group Inc. (NASDAQ:PMTS) Short Interest Up 34.9% in April

CPI Card Group Inc. (NASDAQ:PMTSGet Rating) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 25,500 shares, a growth of 34.9% from the March 31st total of 18,900 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 1.2 days.

Separately, StockNews.com assumed coverage on shares of CPI Card Group in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

Shares of NASDAQ:PMTS traded up $0.09 during trading on Monday, hitting $11.50. The company’s stock had a trading volume of 315 shares, compared to its average volume of 20,860. CPI Card Group has a 12 month low of $10.18 and a 12 month high of $38.92. The stock has a market capitalization of $129.43 million, a PE ratio of 8.46 and a beta of 1.34.

About CPI Card Group (Get Rating)

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 Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing banks.

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