ThredUp Inc. (NASDAQ:TDUP) Short Interest Update

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 4,890,000 shares, a growth of 23.2% from the December 15th total of 3,970,000 shares. Approximately 6.0% of the company's shares are short sold. Based on an average trading volume of 841,500 shares, the days-to-cover ratio is presently 5.8 days.

Analyst Upgrades and Downgrades

TDUP has been the subject of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a report on Tuesday. Telsey Advisory Group boosted their price target on shares of ThredUp from $2.00 to $3.00 and gave the company an "outperform" rating in a research note on Wednesday.

Insider Activity

In other ThredUp news, Director Patricia Nakache sold 54,801 shares of ThredUp stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $1.78, for a total value of $97,545.78. Following the completion of the sale, the director now directly owns 247 shares of the company's stock, valued at approximately $439.66. The trade was a 99.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Nova acquired 24,897 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of $1.47 per share, for a total transaction of $36,598.59. Following the transaction, the director now directly owns 303,930 shares in the company, valued at approximately $446,777.10. This represents a 8.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 214,797 shares of company stock worth $264,905 and sold 101,277 shares worth $179,808. 34.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ThredUp

Several institutional investors have recently bought and sold shares of TDUP. Blair William & Co. IL boosted its holdings in ThredUp by 285.0% during the second quarter. Blair William & Co. IL now owns 911,652 shares of the company's stock worth $1,550,000 after purchasing an additional 674,852 shares during the last quarter. SG Americas Securities LLC grew its position in ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock valued at $29,000 after buying an additional 15,850 shares during the period. State Street Corp increased its holdings in ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company's stock worth $1,215,000 after buying an additional 12,984 shares during the last quarter. Sei Investments Co. bought a new stake in ThredUp in the second quarter worth about $37,000. Finally, Bank of New York Mellon Corp raised its position in ThredUp by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company's stock worth $467,000 after acquiring an additional 20,933 shares during the period. Institutional investors own 89.08% of the company's stock.

ThredUp Stock Down 3.8 %

Shares of ThredUp stock traded down $0.09 on Thursday, hitting $2.18. The company had a trading volume of 1,564,411 shares, compared to its average volume of 2,089,816. ThredUp has a 1 year low of $0.50 and a 1 year high of $2.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a 50 day moving average of $1.43 and a 200-day moving average of $1.20. The stock has a market capitalization of $247.43 million, a price-to-earnings ratio of -3.40 and a beta of 1.66.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.

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