Trading was heavy with 1,320K shares changing hands on Tuesday. Trading volume was up 275.75% over the stocks average daily volume.
Short traders are feeling a little more bearish on shares of the company lately if you look at the uptick in short interest. The company experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 32.75%. Short interest increased 56,020 over that period. Days to cover increased from 1.0 to 2.0 and the short interest percentage is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Tower Research Capital LLC (trc) had sold a total of 7,984 shares trimming its stake by 96.9%. The value of the investment in PERI decreased from $15,000 to $1,000 a change of 93.3% since the last quarter. As of the end of the quarter State Of Tennessee, Treasury Department had acquired 478 shares growing its position 1.5%. The value of the investment in Perion Network Ltd – ordinary s went from $56,000 to $63,000 increasing 12.5% quarter over quarter.
As of quarter end Ubs Group Ag had bought a total of 143,568 shares growing its holdings by 897,300.0%. The value in dollars increased from $0 to $283,000 a change of $283,000 for the reporting period. As of quarter end Acadian Asset Management LLC had bought a total of 4,564 shares growing its stake by 1.0%. The value of the investment in (PERI) decreased from $898,000 to $534,000 a change of $364,000 quarter to quarter.
The company is trading down since yesterday’s close of $1.02. The stock is trading at $1.02 just a bit lower than $1.13, the 50 day moving average and which is significantly below the 200 day moving average of $1.50. The 50 day moving average was down $-0.11 or -9.87% whereas the 200 day average was down by -31.96%.
As of the last earnings report the EPS was $-0.43 and is estimated to be $0.25 for the current year with 77,550,000 shares outstanding. Next quarter’s EPS is estimated at $0.10 and the next full year EPS is projected to be $0.20.
Perion Network Ltd., launched on November 3, 1999, is a global technology company. The Company is involved in delivering advertising solutions to brands and publishers. The Company operates through High Impact Advertising solutions segment. Its geographic segments are North America (mainly the United States), Europe and Other. The Company provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform. The Business’s business solutions include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox..