Perion Network Ltd – Ordinary Shares (NASDAQ:PERI) Just Reported Decreased Shorts

August 9, 2018 - By Catherine Diaz

Perion Network Ltd. (NASDAQ:PERI) Logo

The stock of Perion Network Ltd – Ordinary Shares (NASDAQ:PERI) registered a decrease of 18.7% in short interest. PERI’s total short interest was 239,500 shares in August as published by FINRA. Its down 18.7% from 294,600 shares, reported previously. With 54,200 shares average volume, it will take short sellers 4 days to cover their PERI’s short positions. The short interest to Perion Network Ltd – Ordinary Shares’s float is 0.52%.

The stock 0.46% or $0 during the last trading session, reaching $1.09. It is up 29.17% since August 9, 2017 and is downtrending. It has underperformed by 41.74% the S&P500.

Perion Network Ltd., a technology company, delivers advertising solutions to brands, advertising agencies, and publishers in North America, Europe, and internationally. The company has market cap of $84.53 million. It develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications. It currently has negative earnings. The companyÂ’s proprietary social marketing platform offers a dashboard for marketers that make media buying efficient on Facebook, Instagram, Twitter, and other social networks and platforms.

More news for Perion Network Ltd. (NASDAQ:PERI) were recently published by: Seekingalpha.com, which released: “Perion Network: Modeling Possible Futures” on August 08, 2018. Bizjournals.com‘s article titled: “Undertone has new FiDi headquarters” and published on July 31, 2018 is yet another important article.

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