Will Pitney Bowes Inc (NYSE:PBI) Run Out of Steam Soon? Short Interest Is Down

August 9, 2018 - By Margaret Guttierez

Pitney Bowes Inc. (NYSE:PBI) Logo

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.08, from 1.17 in 2017Q4. It dropped, as 33 investors sold Pitney Bowes Inc. shares while 87 reduced holdings. 45 funds opened positions while 86 raised stakes. 135.61 million shares or 1.04% less from 137.03 million shares in 2017Q4 were reported.
Loews Corp holds 0% or 26,060 shares in its portfolio. 345,741 are held by Los Angeles Management & Equity Research Inc. First Quadrant L P Ca stated it has 0.12% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Legal And General Public Limited Liability Company invested 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Millennium Mgmt Limited Liability Com stated it has 4.19M shares. Clark Estates holds 210,300 shares or 0.36% of its portfolio. Wedge Mngmt L Lp Nc accumulated 0.14% or 1.38M shares. 32,198 were reported by Numerixs Investment Technologies Inc. 12,000 were reported by Pillar Pacific Cap Mgmt Ltd Liability. Verition Fund Mgmt Limited Liability Corporation reported 58,640 shares. 93,813 are owned by Mason Street Advsrs Limited Liability Company. Brown Brothers Harriman Com has invested 0.01% in Pitney Bowes Inc. (NYSE:PBI). Vident Advisory Limited Co owns 83,812 shares. Hanson And Doremus holds 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 1,000 shares. Wilen Invest Management reported 0.53% in Pitney Bowes Inc. (NYSE:PBI).

Since May 8, 2018, it had 2 insider purchases, and 0 sales for $188,322 activity. $100,122 worth of Pitney Bowes Inc. (NYSE:PBI) was bought by Lautenbach Marc Bradley on Tuesday, May 8.

The stock of Pitney Bowes Inc (NYSE:PBI) registered a decrease of 7.19% in short interest. PBI’s total short interest was 6.24 million shares in August as published by FINRA. Its down 7.19% from 6.72 million shares, reported previously. With 1.64M shares average volume, it will take short sellers 4 days to cover their PBI’s short positions. The short interest to Pitney Bowes Inc’s float is 3.36%.

The stock decreased 0.72% or $0.06 during the last trading session, reaching $8.22. About 157,666 shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 41.56% since August 9, 2017 and is downtrending. It has underperformed by 54.13% the S&P500.

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement technology products and solutions in the United States and internationally. The company has market cap of $1.55 billion. The firm operates in three divisions: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions. It has a 6.23 P/E ratio. The Small & Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment, software, and supplies.

Another recent and important Pitney Bowes Inc. (NYSE:PBI) news was published by Benzinga.com which published an article titled: “Earnings Scheduled For August 1, 2018” on August 01, 2018.

Pitney Bowes Inc. (NYSE:PBI) Institutional Positions Chart

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