Blackhawk Network Holdings Incorporated (NASDAQ:HAWK) Shorts Decreased by 24.1% After Short Covering

The stock of Blackhawk Network Holdings Incorporated (NASDAQ:HAWK) registered a decrease of 24.1% in short interest. HAWK’s total short interest was 1.44M shares in April as published by FINRA. Its down 24.1% from 1.90M shares, reported previously. With 770,800 shares average volume, it will take short sellers 2 days to cover their HAWK’s short positions. The short interest to Blackhawk Network Holdings Incorporated’s float is 2.64%. The stock decreased 3.24% or $1.11 during the last trading session, hitting $33.15. About 488,822 shares traded hands. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has declined 13.29% since August 31, 2015 and is downtrending. It has underperformed by 18.08% the S&P500.

Blackhawk Network Holdings, Inc. is a prepaid payment network. The company has a market cap of $1.88 billion. The Firm offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, and related prepaid products and payment services in the United States and 21 other countries. It has 41.68 P/E ratio. It operates in two divisions: US Retail and Incentives & Rewards, and International Retail.

Out of 10 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 9 rate it “Buy”, 1 “Sell”, while 3 “Hold”. This means 69% are positive. Blackhawk Network Holdings was the topic in 8 analyst reports since July 24, 2015 according to StockzIntelligence Inc.

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