Telaria Inc (NYSE:TLRA) Short Interest Update
Telaria Inc (NYSE:TLRA) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,589,600 shares, a decrease of 11.9% from the May 30th total of 1,804,400 shares. Based on an average daily trading volume, of 765,100 shares, the days-to-cover ratio is presently 2.1 days. Approximately 4.3% of the shares of the company are short sold.
In other news, COO Katie Seitz Evans sold 7,879 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $8.10, for a total value of $63,819.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Rossman sold 173,156 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $8.12, for a total value of $1,406,026.72. The disclosure for this sale can be found here. 6.03% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLRA. Cannell Capital LLC purchased a new position in shares of Telaria in the fourth quarter valued at approximately $6,516,000. MYDA Advisors LLC purchased a new position in shares of Telaria in the first quarter valued at approximately $1,905,000. EAM Global Investors LLC purchased a new position in shares of Telaria in the first quarter valued at approximately $1,688,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Telaria by 208.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,933 shares of the software maker’s stock valued at $767,000 after acquiring an additional 81,686 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Telaria by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 921,658 shares of the software maker’s stock valued at $2,516,000 after acquiring an additional 77,178 shares in the last quarter. Institutional investors and hedge funds own 56.99% of the company’s stock.
Shares of TLRA stock opened at $7.55 on Friday. The business’s 50 day simple moving average is $7.62. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.50. Telaria has a 12-month low of $2.19 and a 12-month high of $9.19.
Telaria (NYSE:TLRA) last issued its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $13.60 million for the quarter, compared to the consensus estimate of $11.82 million. Telaria had a negative return on equity of 11.45% and a negative net margin of 12.84%. Telaria’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) earnings per share. On average, research analysts predict that Telaria will post -0.01 EPS for the current year.
Telaria, Inc provides a software platform for publishers to manage and monetize video advertising in the United States. The company offers publishers with real-time analytics, data, and decisioning tools to control their video advertising business, as well as a monetization solution to optimize yield across a publisher's supply of digital video inventory.
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