Payoneer Global Inc. (NASDAQ:PAYO) Short Interest Down 24.2% in August

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 8,170,000 shares, a decrease of 24.2% from the July 31st total of 10,780,000 shares. Approximately 3.0% of the company's shares are short sold. Based on an average daily volume of 2,940,000 shares, the short-interest ratio is presently 2.8 days. Based on an average daily volume of 2,940,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.0% of the company's shares are short sold.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of Payoneer Global from $8.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a report on Thursday, July 17th. They set a "buy" rating and a $8.00 price target on the stock. Wall Street Zen downgraded shares of Payoneer Global from a "hold" rating to a "sell" rating in a report on Tuesday. Citigroup reiterated a "buy" rating and set a $10.00 price target (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Finally, Jefferies Financial Group upped their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a report on Tuesday, May 27th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.06.

Payoneer Global Trading Down 2.1%

Shares of PAYO traded down $0.14 during mid-day trading on Friday, hitting $6.50. The company's stock had a trading volume of 1,899,270 shares, compared to its average volume of 2,711,796. The company's 50-day moving average is $6.74 and its 200-day moving average is $6.89. Payoneer Global has a 52-week low of $5.71 and a 52-week high of $11.29. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 8.74 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business had revenue of $260.61 million during the quarter, compared to analysts' expectations of $253.17 million. During the same period in the previous year, the company posted $0.09 EPS. Payoneer Global's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, sell-side analysts predict that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Payoneer Global

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in Payoneer Global during the first quarter valued at approximately $25,000. Osaic Holdings Inc. lifted its position in Payoneer Global by 246.5% during the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock valued at $33,000 after acquiring an additional 3,298 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Payoneer Global during the first quarter valued at approximately $34,000. Versant Capital Management Inc lifted its position in Payoneer Global by 420.6% during the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock valued at $37,000 after acquiring an additional 4,067 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Payoneer Global by 47,800.0% during the first quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock valued at $46,000 after acquiring an additional 6,214 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

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.