Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,200,000 shares, an increase of 7.1% from the September 15th total of 1,120,000 shares. Currently, 7.0% of the company's shares are sold short. Based on an average trading volume of 90,100 shares, the days-to-cover ratio is currently 13.3 days.
Analyst Upgrades and Downgrades
Separately, Telsey Advisory Group cut their price target on shares of Grove Collaborative from $3.00 to $2.00 and set an "outperform" rating for the company in a research report on Friday, August 9th.
Check Out Our Latest Report on Grove Collaborative
Grove Collaborative Stock Performance
GROV remained flat at $1.33 on Thursday. The company had a trading volume of 79,706 shares, compared to its average volume of 80,527. The company has a quick ratio of 2.92, a current ratio of 3.88 and a debt-to-equity ratio of 107.00. Grove Collaborative has a fifty-two week low of $1.19 and a fifty-two week high of $2.49. The stock's 50 day moving average price is $1.33 and its two-hundred day moving average price is $1.50. The company has a market capitalization of $51.82 million, a PE ratio of -1.41 and a beta of 0.98.
Grove Collaborative (NYSE:GROV - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $52.10 million during the quarter, compared to the consensus estimate of $52.80 million. Grove Collaborative had a negative return on equity of 372.20% and a negative net margin of 14.41%.
Institutional Trading of Grove Collaborative
An institutional investor recently bought a new position in Grove Collaborative stock. Renaissance Technologies LLC purchased a new stake in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 21,700 shares of the company's stock, valued at approximately $38,000. Renaissance Technologies LLC owned 0.06% of Grove Collaborative at the end of the most recent reporting period. 91.64% of the stock is currently owned by institutional investors and hedge funds.
About Grove Collaborative
(
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Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.
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