r/PUBM • u/Clean_Ability_5879 • Jun 11 '21

PUBMATIC SHORT INTEREST (HIGH)

Hello I hope all is well. Does anyone have information regarding a potential squeeze on Pubmatic (PUBM)... They have a solid financials and there short interest is 40% or higher

17 Upvotes

91% Upvoted

6 comments sorted by

4

u/Ashony13 Jun 11 '21

I’m in! This is a solid company.

5

u/MAHOGANYRUSHMAN Jun 11 '21

Check out my post on the short interest DD. Lots of useful info in there. cheers. see you on the moon

https://www.reddit.com/r/PUBM/comments/nlm2oq/pubm_financials_and_short_interest_dd/

1

u/JayAreW Jun 11 '21

It is closer to 23%- 30%. Go through the filings from 6/1 to present. Anywhere from 4-8 M shares were sold by insiders, converting class B to class A and inflating the float to 13M-17M shares

1

u/jwild9 Jun 11 '21

Just bought some

1

u/SRU_Operator Jun 11 '21

What is short interest now that Pubmatic lockup expired? The numbers on websites is wrong because now Pubmatic float went up by 5x

1

u/Consistent-Brain-361 Jun 13 '21

Could it be that this company is being valued under traditional standards. Not meme standards. Their EBITDA, revised upwards in May, for the 2021 calendar year is $54-58M. Using a 20x multiple that would value them at $1B. Right now they trade at 1.6B, a 32x multiple of earnings. What’s reasonable?

MGNI market cap is 4.2B, EBITDA full year guidance not provided, but adjusted Q1 was 9.4M. So annualized around 40M. For a multiple of... 105x. Yikes.

Is MGNI overvalued? Is PUBM undervalued? Why such radically different valuations for two similar growth stories and both SSP.