Digital Media Solutions, Inc. (NYSE:DMS) Short Interest Down 46.1% in May

Digital Media Solutions, Inc. (NYSE:DMS – Get Rating) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 101,600 shares, a drop of 46.1% from the April 30th total of 188,600 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 60,500 shares, the short-interest ratio is presently 1.7 days.

Digital Media Solutions Price Performance

DMS stock traded up $0.00 during mid-day trading on Friday, hitting $0.47. 585 shares of the company were exchanged, compared to its average volume of 51,160. Digital Media Solutions has a twelve month low of $0.35 and a twelve month high of $3.44. The firm has a fifty day simple moving average of $0.66 and a 200 day simple moving average of $1.11.

Digital Media Solutions (NYSE:DMS – Get Rating) last announced its quarterly earnings data on Friday, March 31st. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $100.78 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DMS. Verition Fund Management LLC boosted its holdings in shares of Digital Media Solutions by 321.1% in the 4th quarter. Verition Fund Management LLC now owns 80,000 shares of the company’s stock valued at $107,000 after buying an additional 61,000 shares during the period. Ethos Financial Group LLC acquired a new position in Digital Media Solutions during the 4th quarter valued at about $57,000. Meridian Wealth Partners LLC acquired a new position in Digital Media Solutions during the 1st quarter valued at about $26,000. Moors & Cabot Inc. boosted its stake in Digital Media Solutions by 108.4% during the 3rd quarter. Moors & Cabot Inc. now owns 43,571 shares of the company’s stock valued at $84,000 after purchasing an additional 22,660 shares during the period. Finally, S Squared Technology LLC boosted its stake in Digital Media Solutions by 4.5% during the 1st quarter. S Squared Technology LLC now owns 375,234 shares of the company’s stock valued at $1,366,000 after purchasing an additional 16,239 shares during the period. 30.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BTIG Research downgraded shares of Digital Media Solutions from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 18th.

About Digital Media Solutions

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Digital Media Solutions, Inc is a marketing technology company, which engages in the provision of performance-driven brand and marketplace solutions to connect, consumers and advertisers. It operates through the following segments: Brand Direct, Marketplace, and Other. The Brand Direct segment comprises fees from the charge collected to customer when the company advertise directly for them under their brand name.