Paltalk, Inc. (NASDAQ:PALT) Short Interest Down 64.9% in April

Paltalk, Inc. (NASDAQ:PALT) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 6,000 shares, a drop of 64.9% from the April 15th total of 17,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 93,300 shares, the days-to-cover ratio is presently 0.1 days.

Insider Buying and Selling

In related news, major shareholder J. Crew Delaware Trust B sold 12,697 shares of Paltalk stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $4.97, for a total transaction of $63,104.09. Following the sale, the insider now directly owns 1,477,423 shares in the company, valued at approximately $7,342,792.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 19,049 shares of company stock worth $94,631 in the last ninety days. 15.50% of the stock is owned by corporate insiders.

Paltalk Trading Down 1.2 %

Shares of NASDAQ:PALT traded down $0.04 during midday trading on Friday, hitting $3.20. The stock had a trading volume of 2,405 shares, compared to its average volume of 113,326. The company has a market capitalization of $29.50 million, a PE ratio of -27.00 and a beta of 0.76. The stock has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $3.11. Paltalk has a 1 year low of $1.53 and a 1 year high of $5.19.

Paltalk (NASDAQ:PALT) last issued its earnings results on Friday, March 15th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $2.69 million during the quarter. Paltalk had a negative net margin of 9.72% and a negative return on equity of 5.25%.

Paltalk Company Profile

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or land line telephone number.