MicroStrategy Incorporated (NASDAQ:MSTR) Short Interest Down 19.9% in June

MicroStrategy Incorporated (NASDAQ:MSTR) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 180,900 shares, a decline of 19.9% from the May 15th total of 225,900 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 99,000 shares, the short-interest ratio is presently 1.8 days.

A number of brokerages recently weighed in on MSTR. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in shares of MicroStrategy by 48.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock valued at $32,000 after buying an additional 82 shares during the period. Pearl River Capital LLC acquired a new position in shares of MicroStrategy in the 1st quarter valued at $58,000. PNC Financial Services Group Inc. grew its holdings in shares of MicroStrategy by 40.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock valued at $84,000 after buying an additional 190 shares during the period. Everence Capital Management Inc. acquired a new position in shares of MicroStrategy in the 1st quarter valued at $201,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $248,000. 74.09% of the stock is owned by hedge funds and other institutional investors.

Shares of MicroStrategy stock traded up $0.23 during midday trading on Friday, reaching $123.02. The company had a trading volume of 123,775 shares, compared to its average volume of 183,692. The company’s fifty day moving average is $136.81. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.22. MicroStrategy has a 1-year low of $115.50 and a 1-year high of $152.38. The firm has a market cap of $1.26 billion, a P/E ratio of 157.72 and a beta of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, April 30th. The software maker reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.98). MicroStrategy had a return on equity of 1.73% and a net margin of 2.64%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $123.46 million. During the same period in the prior year, the firm posted $0.15 EPS. MicroStrategy’s revenue was down 6.2% on a year-over-year basis. Equities research analysts expect that MicroStrategy will post 0.84 earnings per share for the current year.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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