Cantaloupe, Inc. (NASDAQ:CTLP) Short Interest Down 5.2% in January

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTLP. Northland Securities upped their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Benchmark upped their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $12.00 target price on shares of Cantaloupe in a research note on Monday.

Hedge Funds Weigh In On Cantaloupe

A number of large investors have recently modified their holdings of CTLP. Squarepoint Ops LLC lifted its position in shares of Cantaloupe by 163.2% during the second quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company's stock worth $206,000 after purchasing an additional 19,365 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company's stock worth $159,000 after purchasing an additional 3,210 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Cantaloupe during the third quarter worth approximately $164,000. Inspire Investing LLC acquired a new position in shares of Cantaloupe during the third quarter worth approximately $416,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Cantaloupe during the third quarter worth approximately $153,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Price Performance

NASDAQ:CTLP traded up $0.20 on Wednesday, reaching $8.62. The stock had a trading volume of 189,617 shares, compared to its average volume of 262,311. The company has a market capitalization of $629.17 million, a P/E ratio of 50.62 and a beta of 1.64. Cantaloupe has a 1-year low of $5.74 and a 1-year high of $10.48. 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 has a fifty day moving average price of $8.96 and a 200-day moving average price of $8.21.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. The firm had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same period in the previous year, the business earned $0.02 earnings per share. Research analysts forecast 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.