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: which released: “Perion Network’s (PERI) CEO Doron Gerstel on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018, also published article titled: “Form 6-K Perion Network Ltd. For: Jun 04”, 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: and their article: “Perion Regains Compliance with Nasdaq’s Minimum Bid Price Requirement” with publication date: June 04, 2018.

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