Perion Network Ltd – Ordinary Shares (NASDAQ:PERI) Sellers Covered 18.7% of Their Shorts

June 5, 2018 - By Adrian Mccoy

Perion Network Ltd. (NASDAQ:PERI) Logo

The stock of Perion Network Ltd – Ordinary Shares (NASDAQ:PERI) registered a decrease of 18.7% in short interest. PERI’s total short interest was 239,500 shares in June as published by FINRA. Its down 18.7% from 294,600 shares, reported previously. With 54,200 shares average volume, it will take short sellers 4 days to cover their PERI’s short positions. The short interest to Perion Network Ltd – Ordinary Shares’s float is 0.52%.

The stock decreased 1.63% or $0.02 during the last trading session, reaching $1.21. About 41,534 shares traded. Perion Network Ltd. (NASDAQ:PERI) has declined 29.17% since June 5, 2017 and is downtrending. It has underperformed by 41.74% the S&P500.

Perion Network Ltd., a technology company, delivers advertising solutions to brands, advertising agencies, and publishers in North America, Europe, and internationally. The company has market cap of $93.84 million. It develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications. It currently has negative earnings. The companyÂ’s proprietary social marketing platform offers a dashboard for marketers that make media buying efficient on Facebook, Instagram, Twitter, and other social networks and platforms.

More important recent Perion Network Ltd. (NASDAQ:PERI) news were published by: Seekingalpha.com which released: “Perion Network’s (PERI) CEO Doron Gerstel on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018, also Streetinsider.com published article titled: “Form 6-K Perion Network Ltd. For: Jun 04”, Streetinsider.com published: “Perion Network (PERI) Reports Compliance with Nasdaq’s Minimum Bid Price Requirement” on June 04, 2018. More interesting news about Perion Network Ltd. (NASDAQ:PERI) was released by: Businesswire.com and their article: “Perion Regains Compliance with Nasdaq’s Minimum Bid Price Requirement” with publication date: June 04, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: