Soho House & Co Inc. (NYSE:SHCO) Sees Significant Increase in Short Interest

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,990,000 shares, a growth of 40.1% from the February 28th total of 1,420,000 shares. Based on an average daily volume of 657,800 shares, the short-interest ratio is presently 3.0 days. Currently, 4.6% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a "buy" rating and set a $9.00 target price on shares of Soho House & Co Inc. in a report on Wednesday.

Institutional Trading of Soho House & Co Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHCO. Third Point LLC bought a new stake in Soho House & Co Inc. in the fourth quarter valued at approximately $17,523,000. TIG Advisors LLC bought a new stake in Soho House & Co Inc. in the 4th quarter valued at $7,395,000. D. E. Shaw & Co. Inc. bought a new stake in Soho House & Co Inc. in the 4th quarter valued at $790,000. Renaissance Technologies LLC acquired a new stake in Soho House & Co Inc. during the 4th quarter valued at $742,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Soho House & Co Inc. during the fourth quarter worth $596,000. 62.35% of the stock is owned by institutional investors.

Soho House & Co Inc. Stock Down 3.6 %

Shares of NYSE:SHCO traded down $0.23 during midday trading on Thursday, reaching $6.01. The company had a trading volume of 563,067 shares, compared to its average volume of 303,363. Soho House & Co Inc. has a 1-year low of $4.43 and a 1-year high of $8.47. The stock has a market cap of $1.17 billion, a PE ratio of -8.58 and a beta of 0.55. The business's 50 day moving average price is $7.07 and its 200 day moving average price is $6.25.

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Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $305.54 million during the quarter, compared to analysts' expectations of $305.54 million. On average, research analysts expect that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Soho House & Co Inc. Company Profile

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.