Could Verifone Systems Inc (NYSE:PAY) Go Down After Its Newest Short Interest Report?

August 9, 2018 - By Kristin Houston

VeriFone Systems, Inc. (NYSE:PAY) Logo

Investors sentiment decreased to 1.06 in Q1 2018. Its down 0.02, from 1.08 in 2017Q4. It worsened, as 22 investors sold VeriFone Systems, Inc. shares while 78 reduced holdings. 36 funds opened positions while 70 raised stakes. 109.71 million shares or 2.40% less from 112.41 million shares in 2017Q4 were reported.
Neuberger Berman Grp Limited Liability Corporation holds 0.03% or 1.51M shares. Bnp Paribas Arbitrage Sa holds 0% or 32,467 shares. Glenmede Na, Pennsylvania-based fund reported 442 shares. Highbridge Mgmt Limited Liability Corporation has invested 0.03% in VeriFone Systems, Inc. (NYSE:PAY). 186,620 are held by Maverick Cap. 431,658 were accumulated by Epoch Investment Prtn Inc. Northwestern Mutual Wealth Management accumulated 0% or 133 shares. Howe Rusling Incorporated invested in 0% or 328 shares. Boston, a Massachusetts-based fund reported 157,462 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System reported 29,753 shares. Ironwood Management Ltd Liability Corporation invested in 42,040 shares or 0.47% of the stock. Aristotle Capital Boston Lc reported 1.16 million shares. Millennium Mgmt has 0.03% invested in VeriFone Systems, Inc. (NYSE:PAY) for 1.45M shares. Virtu Fincl Ltd Liability Company accumulated 12,891 shares. Eagle Boston Investment holds 0.82% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY) for 534,996 shares.

The stock of Verifone Systems Inc (NYSE:PAY) registered a decrease of 35.52% in short interest. PAY’s total short interest was 5.27M shares in August as published by FINRA. Its down 35.52% from 8.18M shares, reported previously. With 2.40M shares average volume, it will take short sellers 2 days to cover their PAY’s short positions. The short interest to Verifone Systems Inc’s float is 4.73%.

The stock decreased 0.04% or $0.01 during the last trading session, reaching $22.94. About 827,410 shares traded. VeriFone Systems, Inc. (NYSE:PAY) has risen 26.90% since August 9, 2017 and is uptrending. It has outperformed by 14.33% the S&P500.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.54 billion. It offers countertop solutions that accept payment options, such as contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN transactions; and multimedia consumer facing POS devices. It currently has negative earnings. The firm also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows smartphones and tablets.

VeriFone Systems, Inc. (NYSE:PAY) Ratings Coverage

Among 7 analysts covering Verifone (NYSE:PAY), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Verifone had 7 analyst reports since March 8, 2018 according to SRatingsIntel. The stock has “Hold” rating by SunTrust on Tuesday, April 10. JP Morgan maintained VeriFone Systems, Inc. (NYSE:PAY) on Tuesday, April 10 with “Neutral” rating. The firm has “Hold” rating by Standpoint Research given on Tuesday, April 10. The firm has “Hold” rating given on Monday, April 16 by Jefferies. The stock has “Hold” rating by BTIG Research on Thursday, March 8. Piper Jaffray maintained the shares of PAY in report on Monday, April 9 with “Hold” rating. The firm has “Neutral” rating by Citigroup given on Tuesday, April 10.

VeriFone Systems, Inc. (NYSE:PAY) Institutional Positions Chart

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