U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 213,002 shares, a decline of 62.1% from the October 13th total of 562,429 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 119,795 shares, the short-interest ratio is currently 1.8 days.

U.S. Auto Parts Network (NASDAQ PRTS) opened at $2.55 on Monday. U.S. Auto Parts Network has a 12 month low of $2.25 and a 12 month high of $4.13. The company has a market capitalization of $90.60, a PE ratio of 51.00 and a beta of 1.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.29 and a quick ratio of 0.25.

U.S. Auto Parts Network (NASDAQ:PRTS) last released its earnings results on Monday, October 30th. The specialty retailer reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. U.S. Auto Parts Network had a return on equity of 7.54% and a net margin of 8.74%. The business had revenue of $73.81 million for the quarter, compared to the consensus estimate of $75.57 million. During the same period last year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. research analysts predict that U.S. Auto Parts Network will post 0.71 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC grew its position in U.S. Auto Parts Network by 5.7% during the second quarter. Cadence Capital Management LLC now owns 121,437 shares of the specialty retailer’s stock worth $392,000 after buying an additional 6,512 shares in the last quarter. Dimensional Fund Advisors LP grew its position in U.S. Auto Parts Network by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 593,242 shares of the specialty retailer’s stock worth $1,987,000 after buying an additional 7,437 shares in the last quarter. Northern Trust Corp grew its position in U.S. Auto Parts Network by 47.4% during the second quarter. Northern Trust Corp now owns 44,015 shares of the specialty retailer’s stock worth $142,000 after buying an additional 14,163 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in U.S. Auto Parts Network during the second quarter worth about $116,000. Finally, Archon Capital Management LLC boosted its holdings in U.S. Auto Parts Network by 6.6% during the second quarter. Archon Capital Management LLC now owns 586,538 shares of the specialty retailer’s stock valued at $1,895,000 after purchasing an additional 36,200 shares in the last quarter. 59.14% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on PRTS shares. Roth Capital set a $5.00 price objective on U.S. Auto Parts Network and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th.

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About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

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