Short Interest in MicroStrategy Incorporated (NASDAQ:MSTR) Expands By 82.3%

Share on StockTwits

MicroStrategy Incorporated (NASDAQ:MSTR) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 329,700 shares, an increase of 82.3% from the May 30th total of 180,900 shares. Currently, 4.0% of the company’s stock are short sold. Based on an average daily volume of 115,200 shares, the short-interest ratio is presently 2.9 days.

NASDAQ:MSTR traded down $0.17 during midday trading on Thursday, reaching $122.79. The company had a trading volume of 129,900 shares, compared to its average volume of 114,791. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 72.23 and a beta of 0.65. The business’s fifty day simple moving average is $137.06. MicroStrategy has a 12-month low of $115.50 and a 12-month high of $152.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.72 and a quick ratio of 2.72.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.98). MicroStrategy had a net margin of 2.64% and a return on equity of 1.73%. The business had revenue of $115.40 million during the quarter, compared to analyst estimates of $123.46 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that MicroStrategy will post 0.94 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on MSTR shares. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded DENTSPLY SIRONA from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 13th. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

A number of institutional investors have recently bought and sold shares of MSTR. Public Employees Retirement System of Ohio raised its stake in MicroStrategy by 48.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock valued at $32,000 after buying an additional 82 shares in the last quarter. Pearl River Capital LLC acquired a new stake in MicroStrategy in the first quarter valued at $58,000. PNC Financial Services Group Inc. raised its stake in MicroStrategy by 40.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock valued at $84,000 after buying an additional 190 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of MicroStrategy during the first quarter worth about $201,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of MicroStrategy by 147.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,997 shares of the software maker’s stock worth $288,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors own 74.09% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

Featured Article: Why Dividend Stocks May Be Right for You

Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.