DSS, Inc. (NYSEAMERICAN:DSS – Get Rating) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 325,300 shares, a drop of 44.9% from the April 30th total of 589,900 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is currently 0.2 days.
NYSEAMERICAN DSS traded up $0.02 during trading hours on Friday, reaching $0.41. 116,184 shares of the stock traded hands, compared to its average volume of 1,128,347. DSS has a 1 year low of $0.33 and a 1 year high of $3.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.59 and a current ratio of 2.93.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of DSS by 19.1% in the third quarter. BlackRock Inc. now owns 577,117 shares of the business services provider’s stock worth $744,000 after buying an additional 92,401 shares during the period. Two Sigma Securities LLC purchased a new position in shares of DSS in the third quarter worth about $57,000. Morgan Stanley grew its stake in shares of DSS by 3,868.6% in the second quarter. Morgan Stanley now owns 363,602 shares of the business services provider’s stock worth $651,000 after purchasing an additional 354,440 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of DSS in the third quarter worth about $96,000. Finally, Two Sigma Advisers LP bought a new stake in shares of DSS in the third quarter worth about $38,000. Hedge funds and other institutional investors own 39.04% of the company’s stock.
DSS, Inc operates in the product packaging, biotechnology, direct, commercial lending, securities and investment management, alternative trading, digital transformation, secure living, and alternative energy businesses worldwide. It manufactures, markets, and sells custom folding cartons, mailers, photo sleeves, and 3-dimensional direct mail solutions; and markets and distributes nutritional and personal care products.
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