SeaChange International, Inc. (NASDAQ:SEAC) Short Interest Update


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SeaChange International, Inc. (NASDAQ:SEAC) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 4,180,000 shares, a decline of 17.4% from the March 31st total of 5,060,000 shares. Based on an average trading volume of 11,030,000 shares, the short-interest ratio is currently 0.4 days.

In other SeaChange International news, Chairman Robert M. Pons acquired 100,000 shares of the business’s stock in a transaction dated Monday, April 19th. The shares were acquired at an average price of $1.04 per share, for a total transaction of $104,000.00. Following the acquisition, the chairman now directly owns 407,815 shares of the company’s stock, valued at approximately $424,127.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP boosted its holdings in shares of SeaChange International by 427.1% in the 4th quarter. GSA Capital Partners LLP now owns 559,796 shares of the software maker’s stock valued at $784,000 after purchasing an additional 453,602 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SeaChange International by 140.9% in the fourth quarter. JPMorgan Chase & Co. now owns 78,946 shares of the software maker’s stock valued at $111,000 after buying an additional 46,181 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in SeaChange International by 40.3% during the first quarter. Private Advisor Group LLC now owns 35,162 shares of the software maker’s stock worth $55,000 after acquiring an additional 10,101 shares in the last quarter. Institutional investors and hedge funds own 25.24% of the company’s stock.

SeaChange International stock traded down $0.05 during mid-day trading on Tuesday, hitting $1.09. 2,575,926 shares of the company’s stock traded hands, compared to its average volume of 9,188,457. SeaChange International has a fifty-two week low of $0.69 and a fifty-two week high of $2.99. The stock has a market cap of $52.47 million, a price-to-earnings ratio of -2.48 and a beta of 0.81. The firm has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.30 and a quick ratio of 2.30.

SeaChange International (NASDAQ:SEAC) last announced its earnings results on Monday, April 12th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. SeaChange International had a negative net margin of 48.18% and a negative return on equity of 25.60%. On average, research analysts anticipate that SeaChange International will post -0.53 earnings per share for the current fiscal year.

Several research analysts have weighed in on SEAC shares. Aegis initiated coverage on SeaChange International in a research report on Monday. They set a “buy” rating and a $3.00 price target on the stock. Zacks Investment Research downgraded shares of SeaChange International from a “hold” rating to a “sell” rating in a research report on Saturday, April 17th.

About SeaChange International

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices.

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