Paltalk, Inc. (NASDAQ:PALT) Short Interest Down 20.6% in December

Paltalk, Inc. (NASDAQ:PALT) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 25,800 shares, a decrease of 20.6% from the November 30th total of 32,500 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Paltalk

A hedge fund recently bought a new stake in Paltalk stock. GSA Capital Partners LLP acquired a new position in Paltalk, Inc. (NASDAQ:PALT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned 0.22% of Paltalk as of its most recent SEC filing. Hedge funds and other institutional investors own 3.88% of the company’s stock.

Paltalk Price Performance

Shares of PALT stock traded down $0.17 during trading hours on Monday, reaching $1.98. The stock had a trading volume of 99,296 shares, compared to its average volume of 82,833. The firm has a 50-day simple moving average of $1.89 and a 200-day simple moving average of $3.07. The firm has a market capitalization of $18.29 million, a PE ratio of -5.82 and a beta of 0.86. Paltalk has a twelve month low of $1.52 and a twelve month high of $5.50.

About Paltalk

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.