Netshoes (CAYMAN) Ltd (NYSE:NETS) was the target of a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 1,466,565 shares, an increase of 35.0% from the December 15th total of 1,086,242 shares. Approximately 7.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 154,796 shares, the days-to-cover ratio is currently 9.5 days.
Several institutional investors and hedge funds have recently modified their holdings of NETS. JPMorgan Chase & Co. acquired a new position in shares of Netshoes (CAYMAN) in the 3rd quarter worth approximately $108,000. Bamco Inc. NY acquired a new stake in shares of Netshoes (CAYMAN) in the 2nd quarter valued at $211,000. Comerica Bank acquired a new stake in shares of Netshoes (CAYMAN) in the 3rd quarter valued at $635,000. Wasatch Advisors Inc. acquired a new stake in shares of Netshoes (CAYMAN) in the 2nd quarter valued at $750,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Netshoes (CAYMAN) in the 2nd quarter valued at $890,000. 58.90% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on NETS shares. Zacks Investment Research raised Netshoes (CAYMAN) from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Goldman Sachs Group lowered Netshoes (CAYMAN) from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Netshoes (CAYMAN) presently has an average rating of “Hold” and an average target price of $21.90.
Shares of Netshoes (NETS) traded up $0.57 during trading hours on Wednesday, reaching $7.90. The company had a trading volume of 90,721 shares, compared to its average volume of 87,746. The company has a quick ratio of 0.89, a current ratio of 1.63 and a debt-to-equity ratio of 0.34. Netshoes has a 1 year low of $5.68 and a 1 year high of $26.96.
Netshoes (CAYMAN) (NYSE:NETS) last announced its quarterly earnings data on Monday, November 13th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.36). equities research analysts forecast that Netshoes will post -4.32 earnings per share for the current fiscal year.
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About Netshoes (CAYMAN)
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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