The stock last traded at $1.51 significantly higher than the 50 day moving average which is $1.28 and significantly above the 200 day moving average of $1.28. The 50 day moving average was up by +17.71% and the 200 day average was up $0.23. (NASDAQ:TISA) shares saw heavy trading volume with 1,531K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 4,286.10% over the normal average daily volume.
Traders are more bullish on Top Image Systems, Ltd. – Ordin recently as shown by the downtick in short interest. The company saw a fall in short interest of -53.57% as of the latest report on September 29, 2017. Short interest decreased 10,360 over that timeframe. With short interest at 8,979 and short average daily volume at 13,438, the short-interest ratio is 1.0 and the short interest percentage is 0.00% as of September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Citadel Advisors LLC had disposed of a total of 34,261 shares trimming its holdings by 68.5%. The value of the total investment in Top Image Systems, Ltd. – Ordin decreased from $111,000 to $21,000 a change of $90,000 quarter over quarter. As of the end of the quarter Susquehanna International Group, Llp had sold 1,569 shares trimming its position 4.1%. The value of the investment in Top Image Systems, Ltd. – Ordin went from $57,000 to $48,000 a change of 15.8% for the reporting period.
As of the end of the quarter Renaissance Technologies LLC had bought 2,700 shares growing its stake by 1.6%. The value of the company’s investment in Top Image Systems, Ltd. – Ordin went from $219,000 to $211,000 decreasing 3.7% since the last quarter. Blackrock Inc. divested its ownership by shedding 24,939 shares a decrease of 76.9% as of 06/30/2017. Blackrock Inc. now controls 7,495 shares valued at $9,000. The value of the position overall is down by 79.1%.
In the last earnings report the EPS was $-0.44 and is projected to be $-0.16 for the current year with 17,931,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.01 with next year’s EPS anticipated to be $0.05.
Top Image Systems Ltd. (TIS), launched on March 26, 1991, is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Business’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies. Its products integrate information regardless of the source and format of the data, whether structured, as in the case of application forms or surveys, or semi-structured, such as invoices, purchase orders, checks, freight and shipping bills, and others or unstructured. The Business’s software minimizes the need for manual data entry by automatically capturing, reading, understanding, identifying, processing, classifying and routing the information contained in documents..