Conn’s, Inc. (NASDAQ:CONN) Short Interest Down 8.5% in March

Conn’s, Inc. (NASDAQ:CONN) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,620,000 shares, a decline of 8.5% from the March 15th total of 1,770,000 shares. Currently, 13.0% of the shares of the stock are short sold. Based on an average trading volume of 132,700 shares, the short-interest ratio is currently 12.2 days.

Conn’s Stock Performance

NASDAQ:CONN traded down $0.08 during trading on Monday, reaching $3.97. The company’s stock had a trading volume of 143,079 shares, compared to its average volume of 141,821. The firm has a market cap of $97.46 million, a price-to-earnings ratio of -1.23 and a beta of 2.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.87 and a current ratio of 2.58. The firm has a 50 day moving average of $3.84 and a 200-day moving average of $3.77. Conn’s has a 12 month low of $2.55 and a 12 month high of $5.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CONN. Point72 Middle East FZE purchased a new stake in shares of Conn’s in the 4th quarter valued at about $27,000. Quarry LP bought a new position in shares of Conn’s during the 1st quarter valued at about $36,000. XTX Topco Ltd bought a new position in shares of Conn’s during the 2nd quarter valued at about $47,000. Hsbc Holdings PLC bought a new position in shares of Conn’s during the 3rd quarter valued at about $48,000. Finally, UBS Group AG increased its position in shares of Conn’s by 61.9% during the 4th quarter. UBS Group AG now owns 7,957 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 3,042 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Conn’s from a “sell” rating to a “hold” rating in a research note on Friday.

Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.