Traders are a little more bearish on CafePress Inc. as shown by the rise in short interest. The firm recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 129.32%. Short shares increased 31,951 over that timeframe. The days to cover increased to 2.0 and the percentage of shorted shares is 0.00% as of August 31.
There has been some buying insider activity on CafePress Inc. (NASDAQ:PRSS) recently. Fred E. Iii Durham, CEO acquired $31,804 worth of shares at an average price of $2.03 on September 5th. That brings Durham’s holdings to $5,167,225 as reported to the SEC. CEO Fred E. Iii Durham disclosed the purchase of 722 shares of (PRSS). The shares were purchased at an average price of $2.10. Durham now owns $5,284,862 of the stock according to the SEC filing.
Fred E. Iii Durham, CEO reported the purchase of 27,096 shares of PRSS stock. The shares were bought on August 24th for an average price of $2.13. The CEO now owns $5,335,164 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in PRSS. As of quarter end Spark Investment Management LLC had bought 21,100 shares growing its holdings by 37.8%. The value in dollars went from $168,000 to $190,000 a change of $22,000 quarter over quarter. Tower Research Capital LLC (trc) augmented its position by buying 2,281 shares an increase of 125.3% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) owns 4,102 shares with a value of $10,000. The value of the position overall is up by 100.0%.
As of the end of the quarter Blackrock Inc. had disposed of a total of 46,818 shares trimming its stake by 97.7%. The value of the investment in CafePress Inc. decreased from $145,000 to $3,000 decreasing 97.9% for the reporting period. Renaissance Technologies LLC bolstered its holdings by buying 70,700 shares an increase of 12.0% as of 06/30/2017. Renaissance Technologies LLC controls 660,700 shares valued at $1,639,000. The total value of its holdings decreased 8.0%.
The company is trading down by 0.45%% since yesterday’s close of 2.2. The stock last traded at $2.19 which is a tad above the 50 day moving average of $2.04 and impressively lower than the 200 day moving average of $2.53. The 50 day moving average was up by +7.49% whereas the 200 day average was down by -13.32%.
As of the latest earnings report the EPS was $-0.42 and is estimated to be $-0.22 for the current year with 16,809,000 shares outstanding. Next quarter’s EPS is forecasted at $0.09 and the next full year EPS is anticipated to be $-0.23.
CafePress Inc., launched on January 19, 2005, is an online retailer of personalized products offering various gifts and accessories, including t-shirts and apparel, mugs and drinkware, and home goods, such as custom shower curtains and bed coverings. The Company conducts its business on its primary United States-based domain, CafePress.com, and also operates CafePress branded Websites for the markets in the United Kingdom, Canada and Australia. It also sells CafePress branded products through other online retail partners. Its products are customized with designs contributed through various means, including crowd-sourced user generated content, stock art licenses and licensed content relationships with entertainment companies and brands. Its facility in Louisville, Kentucky has technology and manufacturing processes that enables it to provide customized products that are individually built to order. Its processes enable it to produce a range of merchandise..