CarParts.com, Inc. (NASDAQ:PRTS) Short Interest Update

CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 660,900 shares, an increase of 21.0% from the December 31st total of 546,100 shares. Based on an average daily volume of 502,100 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRTS. Thompson Davis & CO. Inc. bought a new position in CarParts.com during the fourth quarter worth about $27,000. Raymond James Financial Inc. bought a new stake in shares of CarParts.com in the fourth quarter valued at about $39,000. XTX Topco Ltd lifted its holdings in shares of CarParts.com by 14.9% in the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 10,230 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CarParts.com in the second quarter valued at about $93,000. Finally, Williams & Novak LLC lifted its holdings in shares of CarParts.com by 11.1% in the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer's stock valued at $115,000 after purchasing an additional 12,650 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PRTS has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on CarParts.com from $0.90 to $0.80 and set a "sector perform" rating for the company in a research note on Wednesday, October 30th. StockNews.com raised CarParts.com from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

CarParts.com Trading Up 2.3 %

PRTS stock traded up $0.03 during midday trading on Friday, hitting $1.11. 252,801 shares of the company's stock were exchanged, compared to its average volume of 483,549. The stock's fifty day moving average price is $1.09 and its 200-day moving average price is $0.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. The company has a market cap of $63.43 million, a PE ratio of -2.05 and a beta of 2.02. CarParts.com has a one year low of $0.68 and a one year high of $2.87.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.