Beyond, Inc. (NYSE:BYON) Sees Large Increase in Short Interest

Beyond, Inc. (NYSE:BYON - Get Free Report) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,210,000 shares, an increase of 27.1% from the January 31st total of 8,820,000 shares. Based on an average trading volume of 3,120,000 shares, the short-interest ratio is presently 3.6 days. Currently, 24.8% of the shares of the stock are sold short.

Beyond Trading Up 10.5 %

Shares of BYON stock traded up $0.58 during trading hours on Friday, reaching $6.12. 3,349,954 shares of the stock traded hands, compared to its average volume of 3,440,976. Beyond has a 1-year low of $4.45 and a 1-year high of $37.10. The business has a fifty day moving average price of $7.02 and a 200 day moving average price of $7.71. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $325.46 million, a PE ratio of -0.83 and a beta of 3.91.

Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The company had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. On average, equities research analysts forecast that Beyond will post -3.75 EPS for the current year.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Beyond in the fourth quarter worth approximately $30,000. R Squared Ltd bought a new stake in Beyond in the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its position in Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after acquiring an additional 2,678 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Beyond in the fourth quarter worth approximately $32,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Beyond in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Analyst Ratings Changes

BYON has been the subject of several recent research reports. Barclays cut their target price on shares of Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Thursday, January 9th. Argus lowered shares of Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. Maxim Group cut their target price on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC lowered shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 target price for the company. in a research note on Wednesday. Finally, Wedbush reissued an "outperform" rating and set a $15.00 target price on shares of Beyond in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Beyond currently has an average rating of "Hold" and a consensus target price of $10.29.

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.