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

Cantaloupe, Inc. (NASDAQ:CTLP) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,210,000 shares, a decrease of 5.2% from the December 31st total of 2,330,000 shares. Based on an average daily trading volume, of 411,200 shares, the days-to-cover ratio is currently 5.4 days. Approximately 3.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CTLP. Benchmark upped their price target on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barrington Research restated an “outperform” rating and issued a $12.00 price target on shares of Cantaloupe in a research report on Monday. Finally, Northland Securities upped their price target on Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Institutional Trading of Cantaloupe

Several institutional investors have recently made changes to their positions in CTLP. The Manufacturers Life Insurance Company boosted its stake in Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after buying an additional 3,210 shares during the last quarter. Rhumbline Advisers boosted its stake in Cantaloupe by 4.1% during the fourth quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock valued at $770,000 after buying an additional 3,221 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after buying an additional 3,400 shares during the last quarter. Quarry LP bought a new position in Cantaloupe during the third quarter valued at approximately $26,000. Finally, Quantbot Technologies LP boosted its stake in Cantaloupe by 34.0% during the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

NASDAQ:CTLP opened at $8.21 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. Cantaloupe has a 12-month low of $5.74 and a 12-month high of $10.48. The stock has a 50-day moving average price of $8.98 and a 200 day moving average price of $8.20. The stock has a market capitalization of $599.25 million, a P/E ratio of 48.30 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) 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 firm had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. During the same quarter last year, the business posted $0.02 earnings per share. Equities research analysts forecast that Cantaloupe will post 0.32 EPS for the current fiscal 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.