Short Interest in CoreCard Co. (NYSE:CCRD) Expands By 6.9%

CoreCard Co. (NYSE:CCRD) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 620,300 shares, an increase of 6.9% from the March 15th total of 580,200 shares. Approximately 10.1% of the company’s shares are sold short. Based on an average daily volume of 37,900 shares, the short-interest ratio is currently 16.4 days.

CoreCard Stock Performance

NYSE:CCRD opened at $10.62 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.02. The company has a market cap of $88.15 million, a P/E ratio of 26.55 and a beta of 0.36. CoreCard has a fifty-two week low of $10.02 and a fifty-two week high of $29.32. The firm’s 50 day moving average is $11.45 and its two-hundred day moving average is $14.06.

CoreCard (NYSE:CCRD) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $12.16 million for the quarter, compared to the consensus estimate of $12.60 million. CoreCard had a net margin of 6.06% and a return on equity of 8.12%. Analysts expect that CoreCard will post 0.12 EPS for the current year.

Hedge Funds Weigh In On CoreCard

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in CoreCard during the third quarter worth approximately $312,000. Denali Advisors LLC raised its stake in shares of CoreCard by 8.7% in the 4th quarter. Denali Advisors LLC now owns 17,447 shares of the company’s stock valued at $241,000 after acquiring an additional 1,400 shares during the period. Deutsche Bank AG raised its stake in shares of CoreCard by 8.6% in the 3rd quarter. Deutsche Bank AG now owns 44,179 shares of the company’s stock valued at $884,000 after acquiring an additional 3,501 shares during the period. Monarch Capital Management Inc. raised its stake in shares of CoreCard by 12.5% in the 3rd quarter. Monarch Capital Management Inc. now owns 92,710 shares of the company’s stock valued at $1,854,000 after acquiring an additional 10,285 shares during the period. Finally, Ancora Advisors LLC raised its stake in shares of CoreCard by 141.0% in the 3rd quarter. Ancora Advisors LLC now owns 15,107 shares of the company’s stock valued at $302,000 after acquiring an additional 8,838 shares during the period. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Company Profile

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.