Planet Payment June 15th Short Interest Update

Planet Payment (NASDAQ:PLPM), According to the latest information the short interest in Planet Payment, Inc. shot up by 326.5% or 161,132 shares. The final shorts are 0.5% of the total floated shares. The positions increased from 49,349 shares on May 31,2016 to 210,481 on June 15,2016. According to the per-day average trading of 276,293 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Planet Payment (NASDAQ:PLPM): The stock opened at $4.21 on Friday but the bulls could not build on the opening and the stock topped out at $4.40 for the day. The stock traded down to $4.10 during the day, due to lack of any buying support eventually closed down at $4.33 with a loss of -3.13% for the day. The stock had closed at $4.47 on the previous day. The total traded volume was 4,442,654 shares.

The company shares have rallied 81.17% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $4.69 and the one year low was seen on Jul 13, 2015. The 50-Day Moving Average price is $4.22 and the 200 Day Moving Average price is recorded at $3.43.

Planet Payment (NASDAQ:PLPM) has climbed 11.03% in the past week and advanced 1.88% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.87% and the outperformance has advanced to 4.97% for the last 4 weeks period.

Planet Payment, Inc. is a provider of international payment and transaction processing and multi-currency processing services. The Company manages its business through two segments: Multi-currency processing services, which includes Pay In Your Currency and Shop In Your Currency, enables merchants to offer customized pricing in multiple currencies, and payment processing services comprising authorization, capture, clearing and settlement services. The Company also offers non-financial transaction processing services that allow merchants to offer a range of commercial services including pre-paid mobile phone top-up and bill payments using the same point-of-sale devices deployed to accept payment cards. The Company provides its services to approximately 93,000 active merchant locations in 23 countries and territories across the Asia Pacific region, Americas, the Middle East, Africa and Europe.

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