Short Interest in Lifetime Brands, Inc. (NASDAQ:LCUT) Expands By 15.5%

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 329,500 shares, a growth of 15.5% from the January 15th total of 285,200 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 56,300 shares, the days-to-cover ratio is currently 5.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LCUT. Jane Street Group LLC bought a new position in shares of Lifetime Brands in the third quarter valued at approximately $67,000. BNP Paribas Financial Markets lifted its stake in Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock worth $118,000 after purchasing an additional 15,708 shares in the last quarter. Corton Capital Inc. bought a new position in Lifetime Brands in the 4th quarter valued at $122,000. Barclays PLC grew its position in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company's stock valued at $124,000 after purchasing an additional 5,302 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Lifetime Brands during the 3rd quarter valued at $128,000. Hedge funds and other institutional investors own 40.62% of the company's stock.

Analysts Set New Price Targets

LCUT has been the subject of several research reports. StockNews.com downgraded Lifetime Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. DA Davidson lowered shares of Lifetime Brands from a "buy" rating to a "neutral" rating and cut their target price for the stock from $11.50 to $6.75 in a research report on Monday, February 3rd.

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock traded down $0.07 during trading hours on Wednesday, reaching $5.08. The company had a trading volume of 44,418 shares, compared to its average volume of 50,697. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands has a one year low of $4.86 and a one year high of $11.68. The firm has a market cap of $112.57 million, a PE ratio of -5.13, a price-to-earnings-growth ratio of 0.50 and a beta of 1.28. The business has a fifty day simple moving average of $5.81 and a 200 day simple moving average of $6.22.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.