Paltalk, Inc. (NASDAQ:PALT) Short Interest Update

Paltalk, Inc. (NASDAQ:PALT) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 32,500 shares, a drop of 53.4% from the November 15th total of 69,700 shares. Based on an average trading volume of 52,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Maxim Group restated a “hold” rating on shares of Paltalk in a research note on Wednesday, August 14th.

Paltalk Stock Down 2.6 %

NASDAQ PALT traded down $0.05 during trading hours on Thursday, reaching $1.91. 5,545 shares of the company were exchanged, compared to its average volume of 83,092. The stock has a market capitalization of $17.64 million, a P/E ratio of -5.76 and a beta of 0.86. Paltalk has a 1 year low of $1.67 and a 1 year high of $5.50. The business’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $3.23.

Institutional Investors Weigh In On Paltalk

A hedge fund recently bought a new stake in Paltalk stock. GSA Capital Partners LLP bought a new position in Paltalk, Inc. (NASDAQ:PALT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned approximately 0.22% of Paltalk as of its most recent SEC filing. 3.88% of the stock is currently owned by institutional investors and hedge funds.

About Paltalk

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.