Priority Technology Holdings (NASDAQ:PRTH) Sees Significant Decline in Short Interest

Priority Technology Holdings (NASDAQ:PRTH) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 242,700 shares, a drop of 10.8% from the August 30th total of 272,000 shares. Based on an average daily volume of 14,100 shares, the short-interest ratio is currently 17.2 days. Currently, 3.6% of the shares of the stock are short sold.

PRTH stock traded down $0.20 during midday trading on Monday, reaching $4.40. The stock had a trading volume of 2,384 shares, compared to its average volume of 13,848. Priority Technology has a 52-week low of $4.25 and a 52-week high of $10.96.

Separately, Roth Capital assumed coverage on Priority Technology in a report on Friday. They issued a “buy” rating and a $9.00 price objective on the stock.

Priority Technology Company Profile

Priority Technology Holdings, Inc provides merchant acquiring and commercial payment solutions in the United States. It operates through two segments, Consumer Payments; and Commercial Payments and Managed Services. The company offers MX product suite, including MX ISO/Agent and VIMAS reseller technology systems, and MX Merchant products, which provide resellers and merchant clients a customizable set of business applications that enable to manage critical business work functions and revenue performance.

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