Payment Data Systems, Inc. shares had a trading volume of 21,424K in the last trading session. Shares saw a steep increase in trading volume of 1,835.19% over the normal average daily volume.
Traders are a little more bullish on Payment Data Systems, Inc. if you evaluate the fall in short interest. The stock realized a fall in short interest between September 29, 2017 and October 13, 2017 of -32.06%. Short shares fell from 21,420 to 14,553 over that period. The days to cover decreased to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (PYDS). Vanguard Group Inc downsized its stake by selling 46,149 shares a decrease of 96.6% from 03/31/2017 to 06/30/2017. Vanguard Group Inc owns 1,600 shares with a value of $2,000. The value of the position overall is down by 96.8%. Ifc Holdings Incorporated/fl trimmed its holdings by shedding 27,635 shares a decrease of 28.1% in the quarter. Ifc Holdings Incorporated/fl currently owns 70,866 shares worth $114,000. The total value of its holdings decreased 4.2%.
The company is trading up since yesterday’s close of $2.59. Shares are trading at $2.59 impressively higher than the 50 day moving average of $1.65 and which is significantly above the 200 day moving average of $1.48. The 50 day moving average was up $0.94 and the 200 day average went up $1.11 or +74.74%.
Payment Data Systems, Inc., launched on June 4, 1998, is involved in the business of processing electronic payments for other companies including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card-based processing. The Company is an integrated payment solutions provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers. The Company operates through two operating entities: Payment Data Systems, Inc. and FiCentive, Inc. Payment Data Systems, Inc. provides integrated electronic payment processing services to merchants and businesses, including credit and debit card-based processing services and transaction processing through the ACH network. The Business’s ACH processing services enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. An e-check is an electronic debit to a bank checking account that is initiated at the point-of-sale, on the Internet, over the telephone, or through a bill payment sent through the mail, and e-checks are processed using the ACH network..Advertisement