CommerceHub, Inc. (NASDAQ:CHUBK) was the target of a significant drop in short interest during the month of July. As of July 14th, there was short interest totalling 584,589 shares, a drop of 22.4% from the June 30th total of 752,951 shares. Based on an average daily volume of 87,096 shares, the short-interest ratio is currently 6.7 days. Approximately 2.2% of the shares of the company are sold short.
CommerceHub (NASDAQ:CHUBK) opened at 17.96 on Friday. The stock has a market capitalization of $774.92 million and a PE ratio of 57.02. The firm has a 50-day moving average price of $17.53 and a 200 day moving average price of $16.26. CommerceHub has a 12 month low of $11.90 and a 12 month high of $18.80.
CommerceHub (NASDAQ:CHUBK) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $24.57 million during the quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan Co. purchased a new position in shares of CommerceHub during the second quarter worth $105,000. S&CO Inc. purchased a new position in shares of CommerceHub during the second quarter worth $726,000. Kornitzer Capital Management Inc. KS purchased a new position in shares of CommerceHub during the second quarter worth $2,082,000. Spark Investment Management LLC purchased a new position in shares of CommerceHub during the second quarter worth $3,278,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of CommerceHub during the second quarter worth $100,000. 77.15% of the stock is currently owned by institutional investors and hedge funds.
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CommerceHub Company Profile
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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