ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) Short Interest Update

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,695 shares, an increase of 187.2% from the December 31st total of 1,983 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 39,397 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 39,397 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. boosted its position in ACCESS Newswire by 7.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 138,260 shares of the company’s stock valued at $1,484,000 after buying an additional 9,960 shares during the period. Topline Capital Management LLC bought a new position in shares of ACCESS Newswire during the second quarter valued at about $8,724,000. Bridgeway Capital Management LLC bought a new position in shares of ACCESS Newswire during the second quarter valued at about $163,000. Geode Capital Management LLC purchased a new stake in shares of ACCESS Newswire during the second quarter worth about $362,000. Finally, Mink Brook Asset Management LLC bought a new stake in shares of ACCESS Newswire in the third quarter worth about $219,000. 50.02% of the stock is owned by hedge funds and other institutional investors.

ACCESS Newswire Stock Performance

NYSEAMERICAN ACCS opened at $9.22 on Thursday. The company has a 50-day simple moving average of $9.00 and a two-hundred day simple moving average of $10.06. ACCESS Newswire has a 12-month low of $7.72 and a 12-month high of $13.35. The firm has a market cap of $35.68 million, a price-to-earnings ratio of -6.63 and a beta of 0.81. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06.

ACCESS Newswire (NYSEAMERICAN:ACCS) last released its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter. ACCESS Newswire had a positive return on equity of 5.58% and a negative net margin of 23.53%.The company had revenue of $5.72 million during the quarter. On average, equities analysts forecast that ACCESS Newswire will post 0.56 EPS for the current year.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.