Bending Spoons S.p.A. (NASDAQ:BSP) Sees Significant Growth in Short Interest

Bending Spoons S.p.A. (NASDAQ:BSP) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 14,464,209 shares, an increase of 69.4% from the July 15th total of 8,539,603 shares. Based on an average daily volume of 1,942,603 shares, the short-interest ratio is currently 7.4 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group set a $38.00 price objective on Bending Spoons and gave the stock a “hold” rating in a research report on Sunday, July 26th. BNP Paribas Exane began coverage on Bending Spoons in a research report on Monday, July 27th. They set an “outperform” rating and a $40.00 target price on the stock. Zacks Research upgraded Bending Spoons to a “hold” rating in a research note on Tuesday, July 28th. Wells Fargo & Company initiated coverage on Bending Spoons in a research note on Monday, July 27th. They issued an “overweight” rating and a $45.00 price target for the company. Finally, Bank of America downgraded Bending Spoons from a “neutral” rating to an “underperform” rating and set a $39.00 price target for the company. in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Bending Spoons Stock Performance

Bending Spoons stock traded up $0.99 during mid-day trading on Tuesday, reaching $39.49. 791,238 shares of the company traded hands, compared to its average volume of 2,758,966. Bending Spoons has a fifty-two week low of $30.11 and a fifty-two week high of $58.94.

Bending Spoons (NASDAQ:BSP) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The company had revenue of $704.15 million during the quarter. Bending Spoons’s revenue was up 126.3% on a year-over-year basis. Sell-side analysts anticipate that Bending Spoons will post 1.3 earnings per share for the current year.

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.