GoPro, Inc. (NASDAQ:GPRO) Short Interest Down 5.4% in December

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 4,350,000 shares, a decline of 5.4% from the December 15th total of 4,600,000 shares. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is presently 2.7 days. Currently, 3.5% of the company's shares are sold short.

Institutional Trading of GoPro

Several institutional investors have recently modified their holdings of GPRO. GSA Capital Partners LLP raised its stake in GoPro by 149.4% during the 3rd quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company's stock worth $3,458,000 after acquiring an additional 1,523,183 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of GoPro by 396.6% during the second quarter. Cubist Systematic Strategies LLC now owns 523,745 shares of the company's stock worth $744,000 after purchasing an additional 418,288 shares during the last quarter. Jane Street Group LLC increased its position in shares of GoPro by 63.4% during the third quarter. Jane Street Group LLC now owns 493,421 shares of the company's stock worth $671,000 after purchasing an additional 191,487 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of GoPro by 416.8% in the 2nd quarter. XTX Topco Ltd now owns 146,382 shares of the company's stock valued at $208,000 after purchasing an additional 118,059 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of GoPro in the 2nd quarter valued at about $136,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

GoPro Stock Down 1.9 %

Shares of GPRO traded down $0.02 during mid-day trading on Friday, reaching $1.05. The company's stock had a trading volume of 1,117,125 shares, compared to its average volume of 1,289,350. The company's 50 day moving average is $1.18 and its 200 day moving average is $1.30. The stock has a market cap of $162.50 million, a PE ratio of -0.40 and a beta of 1.53. GoPro has a 12-month low of $1.03 and a 12-month high of $3.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a "neutral" rating and set a $1.50 price target on shares of GoPro in a research report on Wednesday, November 6th.

About GoPro

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.