CarParts.com, Inc. (NASDAQ:PRTS) Short Interest Update

CarParts.com, Inc. (NASDAQ:PRTS) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,152,902 shares, a growth of 23.0% from the January 15th total of 937,488 shares. Based on an average daily trading volume, of 569,085 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.8% of the company’s stock are sold short. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 569,085 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On CarParts.com

A number of large investors have recently added to or reduced their stakes in PRTS. North Star Investment Management Corp. raised its stake in shares of CarParts.com by 183.3% during the 3rd quarter. North Star Investment Management Corp. now owns 1,387,853 shares of the specialty retailer’s stock worth $987,000 after purchasing an additional 897,913 shares in the last quarter. Boston Partners grew its stake in shares of CarParts.com by 195.6% in the second quarter. Boston Partners now owns 439,223 shares of the specialty retailer’s stock valued at $325,000 after acquiring an additional 290,616 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of CarParts.com by 20.2% during the third quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock worth $1,068,000 after purchasing an additional 252,852 shares during the period. Argentarii LLC raised its holdings in CarParts.com by 200.0% in the 4th quarter. Argentarii LLC now owns 150,000 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in CarParts.com by 171.5% in the 3rd quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 93,971 shares in the last quarter. Institutional investors own 75.30% of the company’s stock.

CarParts.com Stock Performance

NASDAQ PRTS opened at $0.72 on Wednesday. The firm has a market capitalization of $49.88 million, a price-to-earnings ratio of -0.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.71 and a quick ratio of 0.59. CarParts.com has a 52-week low of $0.37 and a 52-week high of $1.36. The company’s fifty day moving average is $0.51 and its two-hundred day moving average is $0.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CarParts.com in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.85.

CarParts.com Company Profile

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.