PFSweb, Inc. (NASDAQ:PFSW) Sees Large Increase in Short Interest

PFSweb, Inc. (NASDAQ:PFSW) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,011,000 shares, an increase of 59.2% from the May 30th total of 634,900 shares. Based on an average daily volume of 90,000 shares, the days-to-cover ratio is presently 11.2 days. Approximately 7.2% of the shares of the stock are short sold.

PFSW traded down $0.06 on Friday, reaching $4.32. 30,901 shares of the company’s stock were exchanged, compared to its average volume of 130,798. The firm has a market capitalization of $85.03 million, a PE ratio of 15.64 and a beta of 0.65. PFSweb has a twelve month low of $3.50 and a twelve month high of $10.57. The business has a fifty day moving average price of $3.89. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51.

PFSweb (NASDAQ:PFSW) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter. The business had revenue of $72.15 million for the quarter. PFSweb had a return on equity of 12.07% and a net margin of 0.25%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors Inc. boosted its position in PFSweb by 7.5% during the first quarter. Teton Advisors Inc. now owns 361,330 shares of the business services provider’s stock worth $1,883,000 after acquiring an additional 25,308 shares during the last quarter. Alambic Investment Management L.P. boosted its position in PFSweb by 74.7% during the first quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock worth $647,000 after acquiring an additional 53,096 shares during the last quarter. BlackRock Inc. boosted its position in PFSweb by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock worth $5,362,000 after acquiring an additional 5,918 shares during the last quarter. SG Americas Securities LLC acquired a new position in PFSweb during the fourth quarter worth about $58,000. Finally, Hollow Brook Wealth Management LLC acquired a new position in PFSweb in the 1st quarter valued at about $114,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

Several brokerages have recently issued reports on PFSW. Needham & Company LLC set a $12.00 target price on shares of Niu Technologies and gave the company a “buy” rating in a research report on Tuesday, March 19th. TheStreet lowered shares of USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Lake Street Capital set a $10.00 target price on shares of PFSweb and gave the company a “buy” rating in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Craig Hallum lowered shares of PFSweb from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $9.44.

PFSweb Company Profile

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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