What’s Propelling Mam Software Group Incorporated (NASDAQ:MAMS) After Lower Shorts Reported?

February 15, 2018 - By Clifton Ray

 What’s Propelling Mam Software Group Incorporated (NASDAQ:MAMS) After Lower Shorts Reported?

Investors sentiment decreased to 2 in 2017 Q3. Its down 2.00, from 4 in 2017Q2. It dived, as 0 investors sold MAM Software Group, Inc. shares while 1 reduced holdings. 0 funds opened positions while 2 raised stakes. 3.82 million shares or 50.00% less from 7.63 million shares in 2017Q2 were reported.
Royal Bankshares Of Canada reported 0% in MAM Software Group, Inc. (NASDAQ:MAMS). Wynnefield Capital Inc reported 3.28 million shares. Cove Street Capital Lc reported 519,200 shares. Blackrock Inc, a New York-based fund reported 4,116 shares. Minerva Ltd Company owns 10,330 shares or 0.04% of their US portfolio. Panagora Asset Mgmt Inc owns 0% invested in MAM Software Group, Inc. (NASDAQ:MAMS) for 2,785 shares.

Since December 18, 2017, it had 0 insider buys, and 1 sale for $915,000 activity.

The stock of Mam Software Group Incorporated (NASDAQ:MAMS) registered a decrease of 75.45% in short interest. MAMS’s total short interest was 4,100 shares in February as published by FINRA. Its down 75.45% from 16,700 shares, reported previously. With 7,500 shares average volume, it will take short sellers 1 days to cover their MAMS’s short positions. The short interest to Mam Software Group Incorporated’s float is 0.11%.

The stock decreased 0.66% or $0.05 during the last trading session, reaching $7.5. About 63 shares traded. MAM Software Group, Inc. (NASDAQ:MAMS) has risen 12.68% since February 15, 2017 and is uptrending. It has underperformed by 4.02% the S&P500.

MAM Software Group, Inc., through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. The company has market cap of $94.33 million. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services. It has a 21.31 P/E ratio. The companyÂ’s business management solutions include Autopart for warehouse distributors that seek to manage various locations and inventories on a single system, as well as parts store chains that seek to manage multiple locations and inventories on a single system for a regional area; and VAST, a product for large-to medium-sized automotive service and tire chains.

MAM Software Group, Inc. (NASDAQ:MAMS) Ratings Coverage

Among 2 analysts covering Mam Software Group (NASDAQ:MAMS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Mam Software Group had 4 analyst reports since November 12, 2015 according to SRatingsIntel. The rating was maintained by B. Riley & Co with “Neutral” on Monday, February 12. The rating was maintained by B. Riley & Co with “Neutral” on Monday, October 2. As per Thursday, November 12, the company rating was downgraded by B. Riley & Co.

More notable recent MAM Software Group, Inc. (NASDAQ:MAMS) news were published by: Prnewswire.com which released: “MAM Software Reports Fiscal First Quarter Results” on November 14, 2017, also Seekingalpha.com with their article: “MAM Software Group’s (MAMS) CEO Mike Jamieson on Q1 2018 Results – Earnings …” published on November 15, 2017, Prnewswire.com published: “MAM Software Reports Fiscal Second Quarter Results” on February 08, 2018. More interesting news about MAM Software Group, Inc. (NASDAQ:MAMS) were released by: Prnewswire.com and their article: “MAM launches new online booking, website and internet marketing solutions for …” published on March 04, 2015 as well as Prnewswire.com‘s news article titled: “MAM Software Reports Fiscal Fourth Quarter and Full Year Results” with publication date: September 28, 2017.

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