Green Dot Corporation (NYSE:GDOT) Short Interest Update

Green Dot Corporation (NYSE:GDOT) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 2,103,274 shares, a growth of 63.5% from the January 29th total of 1,286,624 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average trading volume of 810,270 shares, the short-interest ratio is currently 2.6 days. Based on an average trading volume of 810,270 shares, the short-interest ratio is currently 2.6 days. Approximately 3.8% of the company’s stock are short sold.

Institutional Trading of Green Dot

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Green Dot by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 1,341 shares in the last quarter. Caxton Associates LLP bought a new position in Green Dot during the first quarter worth $96,000. Empowered Funds LLC boosted its holdings in Green Dot by 7.2% in the first quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock worth $1,679,000 after purchasing an additional 13,437 shares during the period. Jane Street Group LLC boosted its holdings in Green Dot by 235.6% in the first quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock worth $3,777,000 after purchasing an additional 314,208 shares during the period. Finally, CWM LLC increased its stake in Green Dot by 131.8% during the second quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 4,926 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GDOT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd. Northland Securities set a $14.25 price target on shares of Green Dot and gave the company a “market perform” rating in a report on Tuesday, November 25th. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Finally, Wall Street Zen lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $12.56.

Green Dot Stock Up 1.0%

GDOT traded up $0.12 during trading on Monday, hitting $11.68. The company had a trading volume of 336,860 shares, compared to its average volume of 698,786. Green Dot has a 1-year low of $6.12 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $647.03 million, a PE ratio of -13.74 and a beta of 0.82. The business has a 50-day moving average of $12.30 and a 200-day moving average of $12.71.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.