Paltalk, Inc. (NASDAQ:PALT) Short Interest Update

Paltalk, Inc. (NASDAQ:PALT) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 17,100 shares, a decrease of 20.8% from the March 31st total of 21,600 shares. Based on an average trading volume of 132,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Insider Activity

In related news, major shareholder J. Crew Delaware Trust B sold 12,697 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $4.97, for a total value of $63,104.09. Following the transaction, the insider now owns 1,477,423 shares in the company, valued at $7,342,792.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 23,349 shares of company stock valued at $116,002 in the last three months. Company insiders own 15.50% of the company’s stock.

Paltalk Price Performance

Shares of NASDAQ:PALT traded down $0.06 during trading on Monday, hitting $3.70. 2,516 shares of the company were exchanged, compared to its average volume of 123,404. Paltalk has a 52-week low of $1.53 and a 52-week high of $5.19. The stock has a 50 day moving average of $3.90 and a 200 day moving average of $3.04. The company has a market cap of $34.07 million, a PE ratio of -30.79 and a beta of 0.79.

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

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.