Netshoes (CAYMAN) Ltd (NYSE:NETS) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 474,900 shares, a growth of 252.3% from the April 30th total of 134,800 shares. Based on an average daily volume of 305,100 shares, the short-interest ratio is presently 1.6 days. Approximately 2.3% of the company’s stock are short sold.

NYSE:NETS traded down $0.10 during mid-day trading on Monday, reaching $3.70. The stock had a trading volume of 1,980,473 shares, compared to its average volume of 748,073. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.38 and a current ratio of 0.79. The business has a 50 day simple moving average of $2.60. Netshoes has a 1-year low of $0.95 and a 1-year high of $3.85.

Separately, ValuEngine upgraded Netshoes (CAYMAN) from a “hold” rating to a “buy” rating in a research note on Monday, April 15th.

A hedge fund recently bought a new stake in Netshoes (CAYMAN) stock. Newfoundland Capital Management bought a new stake in Netshoes (CAYMAN) Ltd (NYSE:NETS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 135,640 shares of the company’s stock, valued at approximately $202,000. Newfoundland Capital Management owned 0.44% of Netshoes (CAYMAN) as of its most recent SEC filing. 44.03% of the stock is currently owned by institutional investors.

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About Netshoes (CAYMAN)

Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and internationally. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion primarily under the Netshoes and Zattini brands.

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