Short Interest in PFSweb, Inc. (NASDAQ:PFSW) Increases By 59.2%


PFSweb, Inc. (NASDAQ:PFSW) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,011,000 shares, an increase of 59.2% from the May 30th total of 634,900 shares. Based on an average daily trading volume, of 90,000 shares, the short-interest ratio is currently 11.2 days. Currently, 7.2% of the shares of the company are sold short.

A number of research analysts have issued reports on the stock. TheStreet cut shares of USD Partners from a “b-” rating to a “c+” rating in a report on Friday, May 10th. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $9.44.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in PFSweb by 52.7% during the 4th quarter. Rhumbline Advisers now owns 19,506 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 6,728 shares in the last quarter. SG Americas Securities LLC purchased a new stake in PFSweb during the 4th quarter valued at about $58,000. BlackRock Inc. grew its stake in PFSweb by 0.6% during the 4th quarter. BlackRock Inc. now owns 1,045,259 shares of the business services provider’s stock valued at $5,362,000 after acquiring an additional 5,918 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PFSweb by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 687,076 shares of the business services provider’s stock valued at $3,525,000 after acquiring an additional 2,960 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in PFSweb by 41.7% during the 4th quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 6,052 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

PFSW opened at $3.32 on Friday. PFSweb has a fifty-two week low of $3.32 and a fifty-two week high of $10.12. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The firm has a fifty day moving average price of $3.93. The stock has a market capitalization of $64.45 million, a PE ratio of 11.86 and a beta of 0.65.

PFSweb (NASDAQ:PFSW) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter. PFSweb had a net margin of 0.25% and a return on equity of 12.07%. The firm had revenue of $72.15 million during the quarter.

PFSweb Company Profile

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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