Yesterday, Paid, Inc. (OTC:PAYD) stock steamed on the company’s news and on a vast stock alert. These two circumstances evolved a share price gap and an unprecedented for the last three months trading volume.PAYD entered the market, as expected, higher than it closed the previous and not so hot trading session. At the end of the day, steaming bids on the company’s shares resulted in a 23.95% price jump up and a quadruple of the average trading volume.
Similar to the company’s new client, the shares of Paid, Inc. became one of favorites on the OTC market. On Monday, PAYD made an explosive press release. According it, the comedian Ron White contracted the company for a full brand management support package.
Parallel to this announcement came the “Huge alert on PAYD”, which also added some value to the high dimensional share price spike yesterday.
These days, even investors in a speculative mood bestowed with special attention the shares of PAYD. In the day of the above mentioned news, 42% of the total volume traded was prevailed by the shorting interest. Yesterday, it was the modest 41%.[BANNER]
It is difficult to predict how long and strong PAYD’s upward move will be. Only investors may decide. Usually, after the time of the euphoria on the hot news and stock alerts, comes a time for an impartial stock price evaluation.
In its last financial statements, Paid, Inc. reported a good cash positions. Some skeptical analysts may say that despite the booked by the company revenues in millions of dollars, the operational financial result (loss from operations) remains negative.
