Overstock.com, Inc. (NASDAQ:OSTK) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 7,315,984 shares, a growth of 26.0% from the November 15th total of 5,804,403 shares. Based on an average daily volume of 3,348,694 shares, the short-interest ratio is presently 2.2 days. Approximately 44.7% of the company’s stock are short sold.

A number of equities research analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Overstock.com in a research report on Wednesday, September 6th. They issued a “buy” rating and a $28.00 price objective for the company. BidaskClub downgraded shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

In other Overstock.com news, insider Jonathan E. Johnson III sold 4,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.75, for a total value of $195,000.00. Following the completion of the sale, the insider now directly owns 42,092 shares of the company’s stock, valued at approximately $2,051,985. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vikram Raghavan sold 624 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $32,448.00. The disclosure for this sale can be found here. Insiders sold a total of 24,386 shares of company stock valued at $1,143,021 over the last ninety days. 28.90% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Overstock.com by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after acquiring an additional 53,031 shares during the period. Renaissance Technologies LLC grew its position in shares of Overstock.com by 16.9% during the 2nd quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock valued at $15,224,000 after acquiring an additional 135,200 shares during the period. Vanguard Group Inc. grew its position in shares of Overstock.com by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 738,024 shares of the company’s stock valued at $12,030,000 after acquiring an additional 36,249 shares during the period. State Street Corp grew its position in shares of Overstock.com by 11.5% during the 2nd quarter. State Street Corp now owns 275,941 shares of the company’s stock valued at $4,501,000 after acquiring an additional 28,445 shares during the period. Finally, Northern Trust Corp grew its position in shares of Overstock.com by 20.9% during the 2nd quarter. Northern Trust Corp now owns 211,495 shares of the company’s stock valued at $3,447,000 after acquiring an additional 36,544 shares during the period. 47.74% of the stock is owned by hedge funds and other institutional investors.

Overstock.com (NASDAQ OSTK) opened at $60.90 on Thursday. Overstock.com has a 52-week low of $13.75 and a 52-week high of $65.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86.

Overstock.com (NASDAQ:OSTK) last released its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The firm had revenue of $424.00 million during the quarter, compared to the consensus estimate of $452.60 million. Overstock.com’s quarterly revenue was down 4.0% compared to the same quarter last year. equities research analysts forecast that Overstock.com will post -0.47 earnings per share for the current fiscal year.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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