Overstock.com, Inc. (OSTK) Short Interest Up 26.0% in November
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.
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.
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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