Performant Financial Corporatio (NASDAQ:PFMT) is at $1.85 seeing a daily low of $1.75 and a high of $1.92. The big move distinguishes the stock as one of the day’s most volatile.
Company shares last traded at $1.85 which is just a bit below the 50 day moving average of $1.86 and which is just under the 200 day moving average of $2.02. The 50 day moving average was down $-0.01 or -0.42% whereas the 200 day moving average was down $-0.17 or -8.31%.
Investors are more bullish on Performant Financial Corporatio of late at least if you consider the change in short interest. The stock realized a fall in short interest of -34.93% between September 29, 2017 and October 13, 2017. Short shares fell 54,070 over that period. With short interest at 100,713 and short average daily volume at 98,423, days to cover is 1.0 and the percentage of shorted shares was 0.00% on October 13. As of the last earnings report the EPS was $-0.37 and is estimated to be $-0.09 for the current year with 50,797,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.01 with next year’s EPS anticipated to be $0.01.
Performant Financial Corporation (Performant), launched on October 8, 2003, provides technology-enabled recovery and related analytics services in the United States. The Business’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes. The Company uses its technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables..