Short Interest in Paltalk, Inc. (NASDAQ:PALT) Decreases By 53.4%

Paltalk, Inc. (NASDAQ:PALT) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 32,500 shares, a decrease of 53.4% from the November 15th total of 69,700 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 52,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Paltalk

An institutional investor recently bought a new position in Paltalk stock. GSA Capital Partners LLP bought a new stake in Paltalk, Inc. (NASDAQ:PALT) during the third quarter, according to its most recent filing with the SEC. The firm bought 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned about 0.22% of Paltalk at the end of the most recent quarter. Institutional investors and hedge funds own 3.88% of the company’s stock.

Paltalk Stock Down 4.7 %

Shares of NASDAQ:PALT traded down $0.09 on Friday, reaching $1.82. The company had a trading volume of 9,973 shares, compared to its average volume of 82,789. The stock has a market capitalization of $16.81 million, a P/E ratio of -5.35 and a beta of 0.86. The stock has a 50-day moving average price of $2.06 and a 200 day moving average price of $3.21. Paltalk has a twelve month low of $1.67 and a twelve month high of $5.50.

Paltalk Company Profile

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.