Document Security Systems, Inc. (NYSEAMERICAN:DSS) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 238,200 shares, an increase of 7.2% from the June 30th total of 222,300 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 414,500 shares, the days-to-cover ratio is currently 0.6 days.
In related news, Director Heng Fai Ambrose Chan acquired 2,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $0.50 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the director now directly owns 2,002,912 shares in the company, valued at $1,001,456. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Document Security Systems stock. Vanguard Group Inc. grew its position in shares of Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,897 shares of the business services provider’s stock after acquiring an additional 26,740 shares during the quarter. Vanguard Group Inc. owned about 0.91% of Document Security Systems worth $82,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, TheStreet lowered Document Security Systems from a “c-” rating to a “d” rating in a research note on Wednesday, August 21st.
Shares of NYSEAMERICAN DSS remained flat at $$0.42 during midday trading on Friday. The stock had a trading volume of 163,665 shares, compared to its average volume of 406,935. Document Security Systems has a 52-week low of $0.34 and a 52-week high of $1.99.
Document Security Systems (NYSEAMERICAN:DSS) last released its quarterly earnings data on Tuesday, August 13th. The business services provider reported ($0.05) EPS for the quarter. The firm had revenue of $4.11 million during the quarter, compared to analysts’ expectations of $4.80 million.
Document Security Systems Company Profile
Document Security Systems, Inc focuses on developing and selling anti-counterfeiting, product authentication, and brand protection technology solutions. It operates through five segments: DSS Packaging and Printing Group, DSS Plastics Group, DSS Digital Group, DSS and DSS Technology Management, and DSS International.
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