Short Interest in Cantaloupe, Inc. (NASDAQ:CTLP) Declines By 5.2%

Cantaloupe, Inc. (NASDAQ:CTLP) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 2,210,000 shares, a decline of 5.2% from the December 15th total of 2,330,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 411,200 shares, the short-interest ratio is presently 5.4 days.

Cantaloupe Price Performance

NASDAQ:CTLP opened at $8.15 on Monday. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $10.48. The stock has a fifty day moving average of $9.15 and a 200 day moving average of $8.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a market capitalization of $594.87 million, a price-to-earnings ratio of 47.94 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The company had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. On average, research analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTLP. Benchmark increased their target price on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Monday, November 4th. Finally, Northland Securities lifted their target price on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Cantaloupe

A number of large investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in Cantaloupe by 20.3% during the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after acquiring an additional 271,782 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Cantaloupe by 0.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock valued at $11,902,000 after purchasing an additional 7,114 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cantaloupe by 3.5% in the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after purchasing an additional 46,518 shares during the last quarter. State Street Corp boosted its position in Cantaloupe by 2.4% during the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock valued at $9,160,000 after buying an additional 29,460 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Cantaloupe by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.