Short Interest in Yesway, Inc. (NASDAQ:YSWY) Grows By 121.2%

Yesway, Inc. (NASDAQ:YSWY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,987,689 shares, a growth of 121.2% from the June 15th total of 1,350,859 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 947,796 shares, the short-interest ratio is presently 3.2 days.

Yesway Price Performance

Shares of NASDAQ:YSWY opened at $18.96 on Thursday. The company’s fifty day moving average is $22.24. Yesway has a 12-month low of $18.92 and a 12-month high of $29.08.

Analyst Ratings Changes

A number of research analysts have issued reports on YSWY shares. Raymond James Financial assumed coverage on shares of Yesway in a research report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective on the stock. Wall Street Zen raised shares of Yesway to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Yesway from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Morgan Stanley assumed coverage on shares of Yesway in a report on Monday, May 18th. They issued an “equal weight” rating and a $28.00 price objective for the company. Finally, BMO Capital Markets began coverage on Yesway in a research report on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Yesway presently has an average rating of “Moderate Buy” and a consensus target price of $29.12.

About Yesway

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.