Short Interest in Bending Spoons S.p.A. (NASDAQ:BSP) Rises By ∞

Bending Spoons S.p.A. (NASDAQ:BSP) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,539,603 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily trading volume, of 4,686,337 shares, the short-interest ratio is currently 1.8 days.

More Bending Spoons News

Here are the key news stories impacting Bending Spoons this week:

• Positive Sentiment: BNP Paribas Exane upgraded Bending Spoons to “strong-buy,” providing one of the strongest bullish signals in the latest coverage. Zacks.com
• Positive Sentiment: Mizuho initiated coverage with an “outperform” rating and a $45 price target. The target implies approximately 37.6% upside from the cited $32.70 price. Benzinga
• Positive Sentiment: Benchmark Co. began coverage with a “buy” rating and a $45 price target, also indicating roughly 37.6% potential upside. Benzinga
• Positive Sentiment: Zacks Research upgraded the stock to “hold,” suggesting a more constructive view than its prior rating, although the recommendation remains neutral rather than bullish. Zacks.com
• Neutral Sentiment: Goldman Sachs, Wells Fargo and Sanford C. Bernstein initiated research coverage on Bending Spoons. The additional institutional coverage could improve visibility and trading interest, but the supplied reports do not disclose their ratings or price targets. Goldman Sachs coverage Wells Fargo coverage Bernstein coverage
• Neutral Sentiment: Bank of America, JPMorgan and Evercore also recently initiated coverage. Their involvement broadens analyst attention, though no recommendations or targets were provided in the available reports. Bank of America coverage JPMorgan coverage Evercore coverage

Bending Spoons Price Performance

NASDAQ BSP traded up $0.65 during trading hours on Thursday, hitting $33.35. 353,807 shares of the company traded hands, compared to its average volume of 2,594,126. Bending Spoons has a twelve month low of $30.11 and a twelve month high of $43.98.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $601.32 million for the quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BSP. JPMorgan Chase & Co. began coverage on shares of Bending Spoons in a research report on Monday. They set a “neutral” rating and a $35.00 target price on the stock. Wells Fargo & Company began coverage on Bending Spoons in a report on Monday. They set an “overweight” rating and a $45.00 price objective on the stock. Zacks Research upgraded shares of Bending Spoons to a “hold” rating in a research note on Tuesday. Bank of America began coverage on shares of Bending Spoons in a research report on Monday. They set a “neutral” rating and a $37.00 target price for the company. Finally, BNP Paribas Exane assumed coverage on Bending Spoons in a research note on Monday. They issued an “outperform” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bending Spoons presently has an average rating of “Moderate Buy” and an average price target of $40.40.