Seeking Alpha

PTC's short interest dove in 2H July; shares near 52-week high

  • PTC's (PMTC +1.9%) closed near its 52-week high of $28.00 after Nasdaq reported short interest fell 48% from July 15 to July 31, to 3.3M shares.
  • The PLM/design software developer had a short ratio of 3.50 as of July 31 (down from 11.59 on July 15), as its average daily volume grew in tandem with the reduction in short interest.
  • Institutions own 97.2% of outstanding shares. Another 2% are held by insiders.
  • FQ3 results, CC
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