ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) Short Interest Update

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 19,506 shares, a growth of 228.4% from the February 26th total of 5,940 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 18,357 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 18,357 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Trading of ACCESS Newswire

Several hedge funds and other institutional investors have recently bought and sold shares of ACCS. DRW Securities LLC acquired a new position in shares of ACCESS Newswire during the 4th quarter worth approximately $117,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of ACCESS Newswire in the fourth quarter valued at approximately $140,000. Bridgeway Capital Management LLC acquired a new stake in shares of ACCESS Newswire in the second quarter valued at approximately $163,000. Mink Brook Asset Management LLC bought a new stake in shares of ACCESS Newswire in the third quarter valued at approximately $219,000. Finally, Geode Capital Management LLC bought a new stake in shares of ACCESS Newswire in the second quarter valued at approximately $362,000. Institutional investors and hedge funds own 50.02% of the company’s stock.

ACCESS Newswire Stock Performance

ACCS stock traded up $0.40 during trading hours on Wednesday, hitting $7.64. 19,913 shares of the stock were exchanged, compared to its average volume of 22,710. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $29.47 million, a P/E ratio of 6.82 and a beta of 0.85. The company has a 50-day simple moving average of $7.86 and a two-hundred day simple moving average of $8.91. ACCESS Newswire has a 12 month low of $6.51 and a 12 month high of $13.35.

ACCESS Newswire (NYSEAMERICAN:ACCS) last posted its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $5.80 million during the quarter. ACCESS Newswire had a return on equity of 4.89% and a net margin of 18.97%. On average, analysts forecast that ACCESS Newswire will post 0.56 earnings per share for the current fiscal year.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.