Short Interest in RumbleOn, Inc. (NASDAQ:RMBL) Increases By 19.0%

RumbleOn, Inc. (NASDAQ:RMBL - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,380,000 shares, an increase of 19.0% from the December 31st total of 1,160,000 shares. Based on an average trading volume of 124,900 shares, the short-interest ratio is presently 11.0 days.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RMBL. DA Davidson reaffirmed a "neutral" rating and issued a $5.00 price objective (down previously from $7.50) on shares of RumbleOn in a report on Tuesday, January 14th. B. Riley cut shares of RumbleOn from a "buy" rating to a "neutral" rating and set a $7.00 price objective on the stock. in a report on Friday, November 29th.

RumbleOn Price Performance

RMBL traded down $0.03 on Friday, reaching $4.25. The company had a trading volume of 82,146 shares, compared to its average volume of 80,782. The company has a fifty day moving average of $5.16 and a 200-day moving average of $4.89. The company has a market capitalization of $150.32 million, a P/E ratio of -0.50 and a beta of 2.26. The company has a current ratio of 1.12, a quick ratio of 0.29 and a debt-to-equity ratio of 2.52. RumbleOn has a one year low of $3.13 and a one year high of $8.17.

RumbleOn (NASDAQ:RMBL - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.22). The company had revenue of $295.00 million during the quarter, compared to the consensus estimate of $302.76 million. RumbleOn had a negative net margin of 15.25% and a negative return on equity of 122.45%. During the same quarter in the prior year, the company earned ($0.71) EPS. As a group, equities research analysts anticipate that RumbleOn will post -0.87 earnings per share for the current year.

Hedge Funds Weigh In On RumbleOn

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of RumbleOn by 1.7% during the 3rd quarter. State Street Corp now owns 181,190 shares of the company's stock valued at $868,000 after purchasing an additional 3,061 shares in the last quarter. Empowered Funds LLC boosted its position in shares of RumbleOn by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company's stock valued at $317,000 after purchasing an additional 3,350 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of RumbleOn by 18.8% during the 4th quarter. Bank of New York Mellon Corp now owns 38,380 shares of the company's stock valued at $208,000 after purchasing an additional 6,084 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RumbleOn by 35.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company's stock valued at $120,000 after purchasing an additional 7,704 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of RumbleOn during the 4th quarter valued at about $58,000. Institutional investors own 66.14% of the company's stock.

RumbleOn Company Profile

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.