Marin Software Incorporated (NASDAQ:MRIN – Get Rating) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 581,100 shares, a decrease of 19.1% from the June 15th total of 718,100 shares. Based on an average daily volume of 282,400 shares, the days-to-cover ratio is presently 2.1 days. Approximately 19.8% of the shares of the company are short sold.
Institutional Trading of Marin Software
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in shares of Marin Software by 14.8% in the first quarter. State Street Corp now owns 50,885 shares of the company's stock worth $147,000 after acquiring an additional 6,542 shares during the period. Vanguard Group Inc. increased its stake in shares of Marin Software by 5.1% in the first quarter. Vanguard Group Inc. now owns 225,264 shares of the company's stock worth $649,000 after acquiring an additional 11,013 shares during the period. Sciencast Management LP acquired a new stake in shares of Marin Software in the first quarter worth $46,000. Virtu Financial LLC acquired a new stake in shares of Marin Software in the first quarter worth $50,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of Marin Software in the fourth quarter worth $159,000. Institutional investors and hedge funds own 16.42% of the company's stock.
Get Marin Software alerts:Marin Software Trading Up 1.7 %
Shares of Marin Software stock opened at $1.80 on Wednesday. Marin Software has a 12-month low of $1.58 and a 12-month high of $11.98. The firm has a market capitalization of $28.03 million, a price-to-earnings ratio of -1.98 and a beta of 0.29. The firm's 50 day simple moving average is $1.86 and its two-hundred day simple moving average is $2.60.
Marin Software (NASDAQ:MRIN – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.33) earnings per share for the quarter. The business had revenue of $5.16 million during the quarter. Marin Software had a negative return on equity of 39.79% and a negative net margin of 54.70%.Marin Software Company Profile
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Marin Software Incorporated, together with its subsidiaries, provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally. It offers MarinOne, a search, social, and eCommerce advertising platform; Marin Search to manage advertising campaigns for advertisers and agencies; and Marin Social that enables advertisers to manage their Facebook, Instagram, and Twitter advertising, as well as managed services.
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