Payoneer Global Inc. (NASDAQ:PAYO) Short Interest Down 20.5% in May

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 14,540,000 shares, a decrease of 20.5% from the April 30th total of 18,300,000 shares. Currently, 5.4% of the shares of the company are sold short. Based on an average trading volume of 4,220,000 shares, the short-interest ratio is currently 3.4 days.

Payoneer Global Price Performance

Shares of PAYO stock traded down $0.07 on Tuesday, hitting $6.71. 5,258,989 shares of the stock traded hands, compared to its average volume of 3,190,867. Payoneer Global has a 52 week low of $5.03 and a 52 week high of $11.29. The firm has a 50 day simple moving average of $6.79 and a two-hundred day simple moving average of $8.77. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. Sell-side analysts forecast that Payoneer Global will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PAYO. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective on the stock. Jefferies Financial Group lifted their price target on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Citigroup reiterated a "buy" rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Needham & Company LLC decreased their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Payoneer Global currently has a consensus rating of "Buy" and an average price target of $10.44.

Institutional Investors Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Strs Ohio bought a new position in shares of Payoneer Global during the 1st quarter valued at approximately $812,000. Intech Investment Management LLC raised its stake in shares of Payoneer Global by 44.0% in the first quarter. Intech Investment Management LLC now owns 306,202 shares of the company's stock valued at $2,238,000 after acquiring an additional 93,524 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Payoneer Global by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company's stock worth $5,540,000 after acquiring an additional 41,970 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Payoneer Global during the 1st quarter worth about $126,000. Finally, Caxton Associates LLP bought a new position in Payoneer Global during the 1st quarter valued at about $172,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.