Green Dot Corporation (NYSE:GDOT) Short Interest Update

Green Dot Corporation (NYSE:GDOT) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,103,274 shares, a growth of 63.5% from the January 29th total of 1,286,624 shares. Based on an average daily volume of 810,270 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.8% of the company’s shares are sold short. Approximately 3.8% of the company’s shares are sold short. Based on an average daily volume of 810,270 shares, the days-to-cover ratio is currently 2.6 days.

Green Dot Trading Down 1.6%

Shares of NYSE:GDOT traded down $0.19 during mid-day trading on Friday, reaching $11.58. 403,395 shares of the company were exchanged, compared to its average volume of 609,653. Green Dot has a 1 year low of $6.12 and a 1 year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $12.71. The firm has a market cap of $641.49 million, a price-to-earnings ratio of -13.62 and a beta of 0.82.

Institutional Investors Weigh In On Green Dot

Several institutional investors and hedge funds have recently modified their holdings of GDOT. Ameritas Investment Partners Inc. raised its holdings in Green Dot by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 861 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Green Dot by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 1,341 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Green Dot in the 3rd quarter valued at $29,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Green Dot by 4.1% during the second quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 2,412 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

GDOT has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Northland Securities set a $14.25 price target on shares of Green Dot and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Finally, William Blair reiterated a “market perform” rating on shares of Green Dot in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Green Dot has a consensus rating of “Reduce” and a consensus target price of $12.56.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.