Short Interest in Helios and Matheson Analytics Inc (HMNY) Drops By 1.7%

Helios and Matheson Analytics Inc (NASDAQ:HMNY) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 3,127,638 shares, a decrease of 1.7% from the November 15th total of 3,183,266 shares. Based on an average daily volume of 4,348,429 shares, the short-interest ratio is currently 0.7 days. Currently, 41.7% of the shares of the stock are short sold.

Helios and Matheson Analytics (HMNY) opened at $6.38 on Thursday. Helios and Matheson Analytics has a 1-year low of $2.20 and a 1-year high of $38.86.

Separately, Maxim Group increased their price target on shares of Helios and Matheson Analytics from $20.00 to $25.00 and gave the company a “buy” rating in a report on Monday, November 6th.

In related news, Director Muralikrishna Gadiyaram sold 170,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $13.00, for a total value of $2,210,000.00. Following the completion of the transaction, the director now owns 750,000 shares of the company’s stock, valued at approximately $9,750,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 37.50% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC purchased a new stake in Helios and Matheson Analytics Inc (NASDAQ:HMNY) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics comprises about 0.5% of Phoenix Investment Adviser LLC’s portfolio, making the stock its 29th largest holding. Phoenix Investment Adviser LLC owned 0.48% of Helios and Matheson Analytics at the end of the most recent quarter. Hedge funds and other institutional investors own 1.56% of the company’s stock.

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Helios and Matheson Analytics Company Profile

Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.

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