---
title: "Priority Technology Holdings, Inc. (NASDAQ:PRTH) Sees Large Increase in Short Interest"
description: "Priority Technology Holdings, Inc. (NASDAQ:PRTH) experienced a significant increase in short interest during June, with a total of 157,000 shares being short sold. This represents a 27.2% increase fro"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/208932521.md"
published_at: "2024-07-16T00:21:22.000Z"
---

# Priority Technology Holdings, Inc. (NASDAQ:PRTH) Sees Large Increase in Short Interest

> Priority Technology Holdings, Inc. (NASDAQ:PRTH) experienced a significant increase in short interest during June, with a total of 157,000 shares being short sold. This represents a 27.2% increase from the previous month. The short-interest ratio is currently 2.9 days, based on the average daily trading volume of 54,300 shares.

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 157,000 shares, an increase of 27.2% from the June 15th total of 123,400 shares. Based on an average daily trading volume, of 54,300 shares, the short-interest ratio is currently 2.9 days. Approximately 1.0% of the company's shares are short sold.

Get **Priority Technology** alerts:

## Insider Activity

In related news, insider Sean Kiewiet sold 21,100 shares of the firm's stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $3.48, for a total transaction of $73,428.00. Following the sale, the insider now owns 1,302,580 shares in the company, valued at $4,532,978.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director John Vito Priore sold 598,187 shares of the company's stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $3.56, for a total transaction of $2,129,545.72. Following the completion of the transaction, the director now owns 8,752,711 shares of the company's stock, valued at approximately $31,159,651.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sean Kiewiet sold 21,100 shares of the firm's stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $3.48, for a total transaction of $73,428.00. Following the completion of the sale, the insider now directly owns 1,302,580 shares in the company, valued at $4,532,978.40. The disclosure for this sale can be found here. Insiders sold a total of 719,485 shares of company stock valued at $2,663,303 over the last 90 days. Insiders own 76.30% of the company's stock.

## Hedge Funds Weigh In On Priority Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Williams & Novak LLC purchased a new position in Priority Technology in the second quarter valued at approximately $77,000. Virtu Financial LLC acquired a new stake in shares of Priority Technology in the first quarter worth $50,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Priority Technology in the 1st quarter valued at $164,000. Vanguard Group Inc. lifted its holdings in shares of Priority Technology by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company's stock valued at $2,494,000 after acquiring an additional 156,044 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Priority Technology during the 1st quarter worth $91,000. 11.52% of the stock is owned by institutional investors and hedge funds.

## Priority Technology Price Performance

NASDAQ:PRTH traded up $0.48 during trading hours on Monday, reaching $5.61. 65,872 shares of the company were exchanged, compared to its average volume of 42,453. The firm has a market cap of $449.19 million, a price-to-earnings ratio of -9.67 and a beta of 0.97. The stock has a 50 day simple moving average of $4.35 and a 200 day simple moving average of $3.68. Priority Technology has a 52-week low of $2.62 and a 52-week high of $5.63.

Priority Technology (NASDAQ:PRTH - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Priority Technology had a negative return on equity of 3.11% and a net margin of 0.57%. The business had revenue of $205.72 million during the quarter, compared to the consensus estimate of $209.08 million. During the same period in the prior year, the firm posted ($0.15) EPS.

## About Priority Technology

(Get Free Report)

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.

## Further Reading

-   Five stocks we like better than Priority Technology
-   What is the Euro STOXX 50 Index?
-   Automaker's Bold Move to an EV Future: Is It Time to Buy Stock?
-   Investing in Commodities: What Are They? How to Invest in Them
-   Massive Breakout: This ETF Signals Big Gains for Small-Cap Stocks
-   Top Stocks Investing in 5G Technology
-   Major Gaming Stock to Watch: Why It's a Safe Bet Now

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

→ Financial Nostradamus Issues Chilling Warning About America (From Weiss Ratings) (Ad)## Should you invest $1,000 in Priority Technology right now?

Before you consider Priority Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Priority Technology wasn't on the list.

While Priority Technology currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [PRTH.US - Priority Tech](https://longbridge.com/en/quote/PRTH.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Priority Technology Holdings 的首席會計官 Rajiv Kumar 報告了普通股的出售 | Priority Technology Holdings Inc. 的首席會計官 Rajiv Kumar 報告了該公司普通股的出售。完整的文件可通過提供的鏈接獲取。此消息由 Public Technologies 生成，僅供參考，不應視為財 | [Link](https://longbridge.com/en/news/274162635.md) |
| 彭博新聞報道，康菲石油正在考慮出售其價值 20 億美元的二疊紀資產 | 2 月 20 日（路透社）- 據彭博新聞週五報道，康菲石油正在探索出售其部分二疊紀盆地資產，這是其更廣泛的投資組合精簡的一部分，消息人士透露。這些資產是通過與 Concho Resources 和 Shell（SHEL.L）的交易在多年中收 | [Link](https://longbridge.com/en/news/276478732.md) |
| 沃爾瑪四季度財報超預期但盈利指引不及預期，CEO 稱 “美國低收入家庭只能勉強維持生計” | 沃爾瑪 Q4 營收超預期，新財年盈利指引（每股 2.75-2.85 美元）遠低於市場預期的 2.96 美元，顯示通脹壓力下消費者支出不確定性猶存，拖累股價下跌 1.38%。財報印證 K 型” 分化：高收入家庭驅動增長，低收入羣體 “錢包吃緊 | [Link](https://longbridge.com/en/news/276398633.md) |
| 學習英偉達刺激芯片銷售，AMD 為 “AI 雲” 借款做擔保 | AMD 為擴大市場份額祭出金融 “狠招”！為初創公司 Crusoe 的 3 億美元購芯貸款提供擔保，承諾在其無客户時 “兜底” 租用芯片。這一復刻英偉達 “租卡雲” 路徑的策略雖能短期推高銷量，但也令 AMD 在 AI 需求放緩時面臨更大的 | [Link](https://longbridge.com/en/news/276401504.md) |
| 谷歌突然發佈 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌發佈了最新的大模型 Gemini 3.1 Pro，其推理性能較去年發佈的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 評測中，Gemini 3.1 Pro 得分 77.1%，顯示出強大的推理能力。新模型支持多源數據綜合和複雜 | [Link](https://longbridge.com/en/news/276396515.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
