Short Interest in Paysign, Inc. (NASDAQ:PAYS) Expands By 37.1%

Key Points

• Paysign, Inc. experienced a significant increase in short interest of 37.1% in August, bringing the total to 976,600 shares shorted.
• Insider sales included CFO Jeffery Bradford Baker selling 30,396 shares and CEO Mark Newcomer selling 62,158 shares, both on August 4th, indicating a decrease in their holdings.
• Paysign's earnings report showed a miss of earnings per share estimates, reporting $0.02 versus the expected $0.04, but revenues were above expectations at $19.08 million.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 976,600 shares, an increase of 37.1% from the July 31st total of 712,400 shares. Based on an average daily volume of 864,800 shares, the short-interest ratio is presently 1.1 days. Approximately 2.5% of the company's stock are short sold. Approximately 2.5% of the company's stock are short sold. Based on an average daily volume of 864,800 shares, the short-interest ratio is presently 1.1 days.

Insider Buying and Selling at Paysign

In other news, insider Robert Strobo sold 26,521 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7.09, for a total transaction of $188,033.89. Following the transaction, the insider directly owned 247,290 shares of the company's stock, valued at approximately $1,753,286.10. The trade was a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Newcomer sold 62,158 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $440,700.22. Following the transaction, the chief executive officer directly owned 8,750,728 shares in the company, valued at approximately $62,042,661.52. The trade was a 0.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,602 shares of company stock valued at $1,131,578. 22.40% of the stock is owned by company insiders.

Institutional Trading of Paysign

Several institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. bought a new stake in Paysign during the second quarter valued at $86,000. Topline Capital Management LLC increased its stake in Paysign by 1.6% during the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company's stock valued at $39,037,000 after purchasing an additional 85,591 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Paysign during the second quarter worth about $90,000. Bank of America Corp DE grew its position in shares of Paysign by 164.2% during the second quarter. Bank of America Corp DE now owns 94,607 shares of the company's stock worth $681,000 after acquiring an additional 58,803 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Paysign by 8.1% during the second quarter. Ameriprise Financial Inc. now owns 193,880 shares of the company's stock worth $1,396,000 after acquiring an additional 14,569 shares during the last quarter. Institutional investors own 25.89% of the company's stock.

Paysign Stock Up 3.9%

PAYS stock traded up $0.21 during trading on Friday, hitting $5.53. 574,291 shares of the company's stock traded hands, compared to its average volume of 684,150. Paysign has a 52 week low of $1.80 and a 52 week high of $8.88. The stock has a fifty day moving average price of $6.44 and a two-hundred day moving average price of $4.47. The stock has a market capitalization of $301.12 million, a price-to-earnings ratio of 46.08 and a beta of 0.94.

Paysign (NASDAQ:PAYS - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Paysign had a net margin of 9.90% and a return on equity of 19.32%. The business had revenue of $19.08 million for the quarter, compared to the consensus estimate of $18.69 million. Paysign has set its Q3 2025 guidance at EPS. FY 2025 guidance at 0.100-0.120 EPS. As a group, equities research analysts expect that Paysign will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on PAYS shares. DA Davidson set a $9.00 price target on shares of Paysign in a research note on Thursday, August 7th. Lake Street Capital lifted their price target on shares of Paysign from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Paysign has a consensus rating of "Buy" and an average target price of $8.56.

Paysign Company Profile

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.