QAD Inc. (NASDAQ:QADB) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 800 shares, a drop of 38.5% from the May 30th total of 1,300 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

QAD stock traded up $0.45 during trading on Friday, reaching $32.15. The company had a trading volume of 1,695 shares, compared to its average volume of 802. QAD has a 52 week low of $28.35 and a 52 week high of $49.40. The business’s 50-day moving average is $31.63. The stock has a market capitalization of $624.55 million, a price-to-earnings ratio of 112.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.47 and a quick ratio of 1.47.

QAD (NASDAQ:QADB) last announced its earnings results on Wednesday, May 29th. The software maker reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.08). QAD had a return on equity of 4.80% and a net margin of 1.78%. The company had revenue of $78.04 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Wednesday, July 10th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%.

An institutional investor recently raised its position in QAD stock. Cutler Group LP raised its position in QAD Inc. (NASDAQ:QADB) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,965 shares of the software maker’s stock after purchasing an additional 701 shares during the quarter. Cutler Group LP’s holdings in QAD were worth $184,000 as of its most recent SEC filing. 1.85% of the stock is currently owned by institutional investors.

Separately, TheStreet cut Virtusa from a “b-” rating to a “c+” rating in a report on Wednesday, May 29th.

QAD Company Profile

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Cloud ERP and QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

See Also: Quiet Period

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