Cantaloupe, Inc. (NASDAQ:CTLP) Short Interest Update

Cantaloupe, Inc. (NASDAQ:CTLP) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 2,330,000 shares, an increase of 7.4% from the November 30th total of 2,170,000 shares. Based on an average daily volume of 445,900 shares, the short-interest ratio is currently 5.2 days. Approximately 3.6% of the company’s shares are short sold.

Cantaloupe Trading Down 0.9 %

NASDAQ:CTLP traded down $0.09 during trading hours on Thursday, reaching $9.42. 39,372 shares of the company were exchanged, compared to its average volume of 345,758. The firm has a market cap of $687.53 million, a price-to-earnings ratio of 55.42 and a beta of 1.66. The stock has a 50 day simple moving average of $9.25 and a 200 day simple moving average of $7.90. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $10.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The business had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. During the same period last year, the company posted $0.02 EPS. As a group, analysts predict that Cantaloupe will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

CTLP has been the subject of a number of analyst reports. Craig Hallum cut their price objective on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Benchmark boosted their price target on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, November 8th. Northland Securities lifted their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research report on Monday, November 4th.

Institutional Trading of Cantaloupe

Institutional investors have recently modified their holdings of the company. Quarry LP purchased a new position in Cantaloupe in the third quarter valued at approximately $26,000. Quantbot Technologies LP increased its position in shares of Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after acquiring an additional 3,975 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Cantaloupe in the 3rd quarter valued at $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cantaloupe by 68.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock valued at $152,000 after acquiring an additional 9,374 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Cantaloupe in the 3rd quarter valued at $153,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.