Helios and Matheson Analytics Inc (NASDAQ:HMNY) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,183,266 shares, a growth of 77.6% from the October 31st total of 1,792,277 shares. Currently, 66.7% of the company’s shares are sold short. Based on an average trading volume of 5,353,450 shares, the short-interest ratio is currently 0.6 days.
In related news, Director Muralikrishna Gadiyaram sold 170,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $13.00, for a total value of $2,210,000.00. Following the sale, the director now directly owns 750,000 shares in the company, valued at approximately $9,750,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 37.50% of the company’s stock.
A hedge fund recently bought a new stake in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC purchased a new stake in Helios and Matheson Analytics Inc (NASDAQ:HMNY) during the third quarter, according to its most recent filing with the SEC. The firm purchased 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics accounts for approximately 0.5% of Phoenix Investment Adviser LLC’s portfolio, making the stock its 29th largest position. Phoenix Investment Adviser LLC owned approximately 0.48% of Helios and Matheson Analytics at the end of the most recent quarter. Hedge funds and other institutional investors own 1.80% of the company’s stock.
Separately, Maxim Group reiterated a “buy” rating and issued a $20.00 price target on shares of Helios and Matheson Analytics in a research report on Monday, October 2nd.
About Helios and Matheson Analytics
Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.
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