QAD Inc. (NASDAQ:QADB) Sees Large Increase in Short Interest

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QAD Inc. (NASDAQ:QADB) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 600 shares, a growth of 500.0% from the April 30th total of 100 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Separately, TheStreet upgraded shares of QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st.

A hedge fund recently raised its stake in QAD stock. Cutler Group LP boosted its stake in QAD Inc. (NASDAQ:QADB) by 13.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,965 shares of the software maker’s stock after buying an additional 701 shares during the period. Cutler Group LP’s holdings in QAD were worth $184,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 1.85% of the company’s stock.

Shares of QAD stock remained flat at $$31.95 during trading on Monday. 114 shares of the stock traded hands, compared to its average volume of 3,307. The firm has a market cap of $627.40 million, a price-to-earnings ratio of 114.11 and a beta of 1.06. QAD has a one year low of $28.35 and a one year high of $49.40. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.10.

QAD (NASDAQ:QADB) last released its quarterly earnings data on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The firm had revenue of $78.04 million for the quarter. QAD had a return on equity of 4.80% and a net margin of 1.78%.

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About QAD

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.

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