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

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CTLP. Barrington Research restated an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th. Craig Hallum lowered their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Benchmark increased 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. Finally, Northland Securities raised their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Hedge Funds Weigh In On Cantaloupe

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Cantaloupe in the 3rd quarter worth approximately $26,000. Quantbot Technologies LP boosted its stake in shares of Cantaloupe by 34.0% during the 3rd 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 acquired a new position in Cantaloupe during the third quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cantaloupe by 68.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock worth $152,000 after acquiring an additional 9,374 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Cantaloupe in the third quarter worth about $153,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Cantaloupe Stock Performance

CTLP stock traded down $0.09 during mid-day trading on Thursday, reaching $9.42. The company had a trading volume of 39,372 shares, compared to its average volume of 345,758. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $9.25 and its two-hundred day simple moving average is $7.90. The stock has a market capitalization of $687.53 million, a P/E ratio of 55.42 and a beta of 1.66. Cantaloupe has a one year low of $5.74 and a one year high of $10.48.

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

About Cantaloupe

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.