Document Security Systems, Inc. (DSS) Sees Significant Growth in Short Interest
Document Security Systems, Inc. (NYSEAMERICAN:DSS) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 369,300 shares, a growth of 45.7% from the January 12th total of 253,511 shares. Based on an average daily volume of 400,854 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.9% of the company’s shares are sold short.
In related news, CEO Jeffrey Ronaldi purchased 136,400 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $0.67 per share, for a total transaction of $91,388.00. Following the transaction, the chief executive officer now directly owns 431,703 shares of the company’s stock, valued at approximately $289,241.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 148,600 shares of company stock valued at $100,420 in the last quarter.
An institutional investor recently raised its position in Document Security Systems stock. Renaissance Technologies LLC boosted its holdings in shares of Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 264.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,940 shares of the business services provider’s stock after acquiring an additional 94,250 shares during the quarter. Renaissance Technologies LLC owned 0.79% of Document Security Systems worth $234,000 at the end of the most recent quarter.
Document Security Systems (NYSEAMERICAN:DSS) last announced its quarterly earnings data on Tuesday, November 14th. The business services provider reported ($0.02) EPS for the quarter. Document Security Systems had a negative return on equity of 31.03% and a negative net margin of 6.60%. The business had revenue of $4.20 million for the quarter.
Document Security Systems Company Profile
Document Security Systems, Inc (DSS) is a developer and marketer of secure technologies. The Company specializes in fraud and counterfeit protection for various forms of printed documents and digital information. It operates through four segments: DSS Packaging and Printing Group, which produces custom paperboard packaging; Plastic Printing Professionals, Inc (DSS Plastics Group), which manufactures laminated and surface printed cards; ExtraDev, Inc (DSS Digital Group), which provides data center centric solutions to businesses and governments delivered through the cloud, and DSS Technology Management, Inc (DSS Technology Management), which acquires or internally develops technology or intellectual property assets.
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