Birkenstock Holding plc (NYSE:BIRK) Short Interest Up 6.2% in January

Birkenstock Holding plc (NYSE:BIRK - Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 4,130,000 shares, a growth of 6.2% from the December 31st total of 3,890,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 3.4 days. Approximately 10.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Birkenstock

A number of institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Birkenstock in the 3rd quarter worth about $25,000. MetLife Investment Management LLC grew its holdings in shares of Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock valued at $34,000 after buying an additional 236 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Birkenstock by 33.7% during the third quarter. GAMMA Investing LLC now owns 893 shares of the company's stock valued at $44,000 after acquiring an additional 225 shares in the last quarter. Amalgamated Bank raised its holdings in Birkenstock by 51.8% in the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company's stock worth $102,000 after acquiring an additional 707 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Birkenstock during the 4th quarter valued at $143,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Hsbc Global Res upgraded Birkenstock to a "strong-buy" rating in a research note on Tuesday, December 3rd. UBS Group raised their price target on Birkenstock from $83.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Birkenstock from $65.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. HSBC upgraded Birkenstock from a "hold" rating to a "buy" rating and boosted their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, BTIG Research boosted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $68.31.

Birkenstock Stock Up 0.8 %

Shares of Birkenstock stock traded up $0.46 during midday trading on Thursday, hitting $56.89. The company had a trading volume of 904,683 shares, compared to its average volume of 1,411,091. Birkenstock has a 52-week low of $41.00 and a 52-week high of $64.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 2.60. The stock has a market capitalization of $10.68 billion, a P/E ratio of 52.67, a P/E/G ratio of 1.18 and a beta of 1.61. The company has a 50 day moving average of $57.11 and a 200 day moving average of $53.37.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.