绝对软件公司纳斯达克股票代码：ABST）3月份空头利率下降72.7％

Absolute Software Co. (NASDAQ:ABST – Get Rating) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 354,300 shares, a decrease of 72.7% from the February 28th total of 1,300,000 shares. Based on an average daily trading volume, of 80,700 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "buy" rating and set a $14.00 price target on shares of Absolute Software in a research report on Wednesday, February 15th.

Insider Transactions at Absolute Software

In related news, major shareholder Edenbrook Capital, Llc purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, March 22nd. The shares were purchased at an average price of $7.53 per share, with a total value of $75,300.00. Following the acquisition, the insider now directly owns 5,479,427 shares of the company's stock, valued at $41,260,085.31. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of Absolute Software

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of Absolute Software by 6.2% in the third quarter. Mackenzie Financial Corp now owns 18,124 shares of the company's stock worth $209,000 after acquiring an additional 1,062 shares during the period. Lincluden Management Ltd. bought a new stake in shares of Absolute Software in the fourth quarter worth approximately $18,035,000. Baird Financial Group Inc. grew its stake in shares of Absolute Software by 16.8% in the fourth quarter. Baird Financial Group Inc. now owns 13,663 shares of the company's stock worth $143,000 after acquiring an additional 1,961 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Absolute Software by 43.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,245 shares of the company's stock worth $96,000 after acquiring an additional 2,805 shares during the period. Finally, Swiss National Bank grew its stake in shares of Absolute Software by 2.6% in the fourth quarter. Swiss National Bank now owns 124,100 shares of the company's stock worth $1,296,000 after acquiring an additional 3,100 shares during the period. 75.78% of the stock is currently owned by institutional investors.

Absolute Software Price Performance

Shares of Absolute Software stock opened at $7.54 on Tuesday. The company has a 50-day moving average of $9.66 and a 200 day moving average of $10.28. The firm has a market cap of $397.96 million, a price-to-earnings ratio of -13.96 and a beta of 0.65. Absolute Software has a 1 year low of $6.79 and a 1 year high of $12.59.

Absolute Software (NASDAQ:ABST – Get Rating) last issued its quarterly earnings results on Tuesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.22). The company had revenue of $57.19 million for the quarter, compared to the consensus estimate of $59.90 million. On average, equities analysts anticipate that Absolute Software will post 0.15 EPS for the current year.

Absolute Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th were paid a dividend of $0.059 per share. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $0.24 dividend on an annualized basis and a yield of 3.13%. Absolute Software's dividend payout ratio is currently -44.44%.

Absolute Software Company Profile

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Absolute Software Corp. engages in the provision of cloud-based service that supports the management and security of computing devices, applications, and data for a variety of organizations. Its solutions includes education, financial services, general date protection regulations (GDPR) compliance, government, healthcare, professional services, and technology solutions such as Absolute for Android, and Absolute for Chromebook.

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