Short Interest in Cantaloupe, Inc. (NASDAQ:CTLP) Drops By 5.2%

Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,210,000 shares, a decrease of 5.2% from the December 15th total of 2,330,000 shares. Approximately 3.4% of the company's stock are sold short. Based on an average daily trading volume, of 411,200 shares, the days-to-cover ratio is presently 5.4 days.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP traded up $0.04 during trading on Friday, reaching $8.15. The stock had a trading volume of 223,076 shares, compared to its average volume of 331,664. The stock has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $8.07. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $10.48. The firm has a market capitalization of $594.87 million, a price-to-earnings ratio of 47.94 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The firm had revenue of $70.84 million for the quarter, compared to the consensus estimate of $70.54 million. During the same quarter last year, the firm posted $0.02 EPS. As a group, analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CTLP has been the subject of a number of research reports. Barrington Research reissued an "outperform" rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Monday, November 4th. Northland Securities raised their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, Benchmark raised their target price on Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a report on Friday, November 8th.

Hedge Funds Weigh In On Cantaloupe

Several large investors have recently made changes to their positions in the business. Barclays PLC increased its position in Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company's stock worth $843,000 after acquiring an additional 83,316 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Cantaloupe by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock valued at $3,518,000 after buying an additional 21,938 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Cantaloupe in the second quarter valued at about $2,276,000. State Street Corp grew its position in Cantaloupe by 2.4% during the third quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock worth $9,160,000 after buying an additional 29,460 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company's stock valued at $10,111,000 after acquiring an additional 46,518 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

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.