Pointer Telocation Ltd (NASDAQ:PNTR) Short Interest Update

Pointer Telocation Ltd (NASDAQ:PNTR) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 3,500 shares, a growth of 75.0% from the May 30th total of 2,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is presently 0.2 days.

NASDAQ PNTR traded up $0.18 during mid-day trading on Friday, hitting $15.19. The company’s stock had a trading volume of 5,316 shares, compared to its average volume of 17,985. The firm’s 50 day moving average price is $14.81. Pointer Telocation has a twelve month low of $10.25 and a twelve month high of $16.16. The company has a quick ratio of 1.46, a current ratio of 1.87 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $122.06 million, a price-to-earnings ratio of 14.89 and a beta of 0.53.

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings results on Thursday, May 23rd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Pointer Telocation had a net margin of 7.66% and a return on equity of 11.29%. The business had revenue of $18.26 million during the quarter, compared to analyst estimates of $18.47 million. On average, analysts predict that Pointer Telocation will post 1.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PNTR. Menora Mivtachim Holdings LTD. grew its position in Pointer Telocation by 2.9% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 30,277 shares of the communications equipment provider’s stock worth $474,000 after purchasing an additional 842 shares during the last quarter. Chicago Capital Management LLC acquired a new stake in Pointer Telocation in the 1st quarter worth $3,470,000. Delek Group Ltd. grew its position in Pointer Telocation by 18.9% in the 1st quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock worth $3,280,000 after purchasing an additional 33,517 shares during the last quarter. Meitav Dash Investments Ltd. grew its position in Pointer Telocation by 33.9% in the 1st quarter. Meitav Dash Investments Ltd. now owns 31,670 shares of the communications equipment provider’s stock worth $487,000 after purchasing an additional 8,022 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Pointer Telocation by 11.5% in the 1st quarter. Acadian Asset Management LLC now owns 94,244 shares of the communications equipment provider’s stock worth $1,474,000 after purchasing an additional 9,694 shares during the last quarter. 27.30% of the stock is owned by institutional investors and hedge funds.

PNTR has been the subject of several research analyst reports. HC Wainwright set a $3.00 price objective on shares of McEwen Mining and gave the company a “buy” rating in a research note on Friday, May 24th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, B. Riley reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $20.50) on shares of Pointer Telocation in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.91.

Pointer Telocation Company Profile

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

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