Short Interest in PFSweb, Inc. (NASDAQ:PFSW) Declines By 18.9%

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PFSweb, Inc. (NASDAQ:PFSW) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 188,400 shares, a decline of 18.9% from the July 15th total of 232,400 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 87,000 shares, the short-interest ratio is presently 2.2 days.

A number of institutional investors have recently added to or reduced their stakes in PFSW. AWM Investment Company Inc. grew its holdings in shares of PFSweb by 64.6% during the second quarter. AWM Investment Company Inc. now owns 1,832,185 shares of the business services provider’s stock worth $7,420,000 after purchasing an additional 719,182 shares during the last quarter. Engine Capital Management LP boosted its holdings in PFSweb by 10.9% in the second quarter. Engine Capital Management LP now owns 1,297,123 shares of the business services provider’s stock valued at $5,253,000 after acquiring an additional 127,396 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in PFSweb by 2.1% in the second quarter. Renaissance Technologies LLC now owns 593,839 shares of the business services provider’s stock valued at $2,405,000 after acquiring an additional 12,200 shares during the last quarter. Teton Advisors Inc. boosted its holdings in PFSweb by 11.6% in the second quarter. Teton Advisors Inc. now owns 403,330 shares of the business services provider’s stock valued at $1,633,000 after acquiring an additional 42,000 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in PFSweb by 4.1% in the second quarter. Acadian Asset Management LLC now owns 143,700 shares of the business services provider’s stock valued at $582,000 after acquiring an additional 5,672 shares during the last quarter. Hedge funds and other institutional investors own 58.27% of the company’s stock.

PFSW has been the topic of several recent analyst reports. ValuEngine upgraded PFSweb from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Needham & Company LLC set a $5.00 price objective on PFSweb and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, TheStreet downgraded PFSweb from a “c-” rating to a “d” rating in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $8.44.

Shares of NASDAQ PFSW traded down $0.09 during trading hours on Tuesday, hitting $2.08. The stock had a trading volume of 73,696 shares, compared to its average volume of 52,791. PFSweb has a 52 week low of $2.04 and a 52 week high of $8.88. The company has a market capitalization of $42.16 million, a P/E ratio of 8.60 and a beta of 0.66. The firm’s 50-day moving average price is $3.37 and its two-hundred day moving average price is $4.46. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.04 and a current ratio of 1.13.

PFSweb Company Profile

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.

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