Short Interest in Cision Ltd (NYSE:CISN) Increases By 24.3%

Cision Ltd (NYSE:CISN) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,882,400 shares, an increase of 24.3% from the May 30th total of 1,514,000 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 735,400 shares, the short-interest ratio is currently 2.6 days.

In other Cision news, insider Rainer Mathes sold 15,662 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $10.95, for a total transaction of $171,498.90. Following the completion of the sale, the insider now owns 1,659,249 shares in the company, valued at $18,168,776.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 109,301 shares of company stock valued at $1,248,005. 6.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CISN. Janus Henderson Group PLC lifted its holdings in shares of Cision by 27.0% during the 1st quarter. Janus Henderson Group PLC now owns 8,106,547 shares of the company’s stock valued at $111,627,000 after purchasing an additional 1,724,695 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Cision by 32.4% during the 4th quarter. BlackRock Inc. now owns 4,703,520 shares of the company’s stock valued at $55,032,000 after purchasing an additional 1,151,604 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cision by 73.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 923,949 shares of the company’s stock valued at $10,810,000 after purchasing an additional 391,361 shares during the last quarter. Reinhart Partners Inc. lifted its holdings in shares of Cision by 50.7% during the 1st quarter. Reinhart Partners Inc. now owns 510,241 shares of the company’s stock valued at $7,026,000 after purchasing an additional 171,591 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Cision by 19.9% during the 4th quarter. Northern Trust Corp now owns 817,297 shares of the company’s stock valued at $9,563,000 after purchasing an additional 135,802 shares during the last quarter. Hedge funds and other institutional investors own 51.35% of the company’s stock.

Shares of CISN traded down $0.06 during midday trading on Friday, hitting $10.92. 335,639 shares of the company’s stock traded hands, compared to its average volume of 588,927. Cision has a 1 year low of $10.40 and a 1 year high of $18.28. The company’s fifty day moving average is $11.20. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.72. The firm has a market cap of $1.62 billion, a PE ratio of 13.16 and a beta of 0.63.

Cision (NYSE:CISN) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Cision had a positive return on equity of 31.61% and a negative net margin of 1.68%. The firm had revenue of $185.80 million during the quarter, compared to analyst estimates of $188.40 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts expect that Cision will post 0.79 EPS for the current fiscal year.

CISN has been the subject of a number of analyst reports. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Cision presently has an average rating of “Hold” and a consensus target price of $17.25.

Cision Company Profile

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.

Read More: Understanding the two types of arbitrage

Receive News & Ratings for Cision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cision and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit