Traders are feeling more bearish lately as implied by the rise in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 21.84%. Short interest increased 815,638 over that timeframe. The short-interest ratio increased to 12.0 and the short interest percentage is 0.07% as of October 13.
The following firms have recently changed their position in APPS. As of the end of the quarter B. Riley Financial, Inc. had disposed of 162,109 shares trimming its holdings by 35.4%. The value of the investment in (APPS) decreased from $431,000 to $305,000 a change of 29.2% for the reporting period. Trellus Management Company, LLC expanded its stake by buying 100,689 shares an increase of 16.8% as of 09/30/2017. Trellus Management Company, LLC currently owns 700,689 shares valued at $1,058,000. The total value of its holdings increased 71.2%.
P.a.w. Capital Corp grew its ownership by buying 40,000 shares an increase of 5.0% in the quarter. P.a.w. Capital Corp claims 840,000 shares worth $1,268,000. The value of the position overall is up by 53.9%. As of quarter end Equitec Proprietary Markets, LLC had sold a total of 518,676 shares trimming its stake by 75.0%. The value of the total investment in Digital Turbine, Inc. went from $713,000 to $262,000 decreasing 63.3% quarter over quarter.
The company is trading up from yesterday’s close of $1.57. Company shares are trading at $1.57 slightly over $1.47, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $1.20. The 50 day moving average was up by +6.80% whereas the 200 day moving average was up $0.37 or +31.12%.
As of the latest earnings report the EPS was $-0.32 and is estimated to be $-0.11 for the current year with 66,609,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.01 with next year’s EPS anticipated to be $0.06.
Digital Turbine, Inc., launched on October 14, 2007, is involved in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content. The Advertising segment consists of two businesses: Operator and OEM (O&O) and Advertiser and Publisher (A&P). The Content segment consists of services, including Marketplace, which is an application and content store, and Pay, which is a content management and mobile payment solution..