Virtual Piggy Inc. (OTCMKTS:RPMT) Sees Large Decrease in Short Interest

Virtual Piggy Inc. (OTCMKTS:RPMT) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 214,400 shares, adecreaseof38.7% from the July 31st total of 349,800 shares. Based on an average daily volume of 141,700 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 141,700 shares, the days-to-cover ratio is presently 1.5 days.

Virtual Piggy Price Performance

Shares of RPMT traded up $0.01 during trading hours on Monday, hitting $0.41. The stock had a trading volume of 26,491 shares, compared to its average volume of 49,366. The company’s fifty day moving average is $0.43 and its two-hundred day moving average is $0.59. Virtual Piggy has a 52 week low of $0.31 and a 52 week high of $1.15. The stock has a market capitalization of $55.84 million, a price-to-earnings ratio of -4.55 and a beta of 0.09.

Virtual Piggy (OTCMKTS:RPMT) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter.

About Virtual Piggy

Rego Payment Architectures, Inc, together with its subsidiaries, provides consumer software solutions. It offers Mazoola, a mobile payment platform that enables individual users to own and monetize their purchasing behavior. The company's online solution enables families and parents to teach their children regarding financial management and spending on gaming, retail, music, and entertainment.