- Paycom ( NYSE: PAYC ) fell 3.6% amid a new short report from Kerrisdale Capital.
- Kerrisdale claims that Paycom ( PAYC ) is trading at a "nosebleed" valuation and a looming job recession, intensifying competition & TAM saturation imply 50% downside for the shares.
- Paycom is scheduled to report Q2 results on Tuesday . Paycom ( PAYC ) short interest is 2%.
- On Monday Paycom shares fell 2.3% after D.A. Davidson analyst Robert Simmons downgraded the stock to neutral from buy, citing an excessive premium valuation as well as prospects for a slightly softer second quarter.
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Paycom dips on new short report from Kerrisdale Capital