Beyond, Inc. (NYSE:BYON) Short Interest Update

Beyond, Inc. (NYSE:BYON - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,370,000 shares, an increase of 16.2% from the October 15th total of 6,340,000 shares. Based on an average daily volume of 2,230,000 shares, the short-interest ratio is presently 3.3 days. Approximately 16.3% of the shares of the company are sold short.

Insider Buying and Selling

In related news, Chairman Marcus Lemonis purchased 156,985 shares of the business's stock in a transaction dated Sunday, October 27th. The stock was acquired at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the purchase, the chairman now directly owns 365,530 shares of the company's stock, valued at $2,328,426.10. This trade represents a 75.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BYON. Tidal Investments LLC acquired a new stake in Beyond in the 1st quarter worth about $33,599,000. Dimensional Fund Advisors LP acquired a new stake in shares of Beyond in the second quarter valued at about $9,538,000. Refined Wealth Management acquired a new stake in Beyond in the second quarter valued at approximately $4,201,000. Royce & Associates LP increased its position in shares of Beyond by 57.8% during the third quarter. Royce & Associates LP now owns 845,977 shares of the company's stock worth $8,527,000 after acquiring an additional 309,810 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of Beyond in the 2nd quarter valued at approximately $3,800,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Beyond Price Performance

Beyond stock traded down $0.09 during trading hours on Friday, hitting $6.09. The stock had a trading volume of 1,866,571 shares, compared to its average volume of 1,967,528. Beyond has a 1-year low of $5.95 and a 1-year high of $37.10. The stock has a market capitalization of $280.44 million, a price-to-earnings ratio of -0.82 and a beta of 3.70. The stock's fifty day moving average is $9.00 and its two-hundred day moving average is $12.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BYON shares. Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a "hold" rating for the company in a research note on Monday, September 23rd. Piper Sandler lowered their price objective on Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Wedbush cut their target price on Beyond from $25.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Barclays decreased their price target on Beyond from $14.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $13.00 price objective on shares of Beyond in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $16.50.

Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.