Short Interest in Summer Infant, Inc. (NASDAQ:SUMR) Decreases By 88.3%

Summer Infant, Inc. (NASDAQ:SUMR) saw a significant decrease in short interest in March. As of March 13th, there was short interest totalling 5,100 shares, a decrease of 88.3% from the February 27th total of 43,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 70,900 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NASDAQ:SUMR traded down $0.08 during mid-day trading on Thursday, reaching $2.29. 8,500 shares of the stock were exchanged, compared to its average volume of 43,254. The company has a quick ratio of 1.00, a current ratio of 1.78 and a debt-to-equity ratio of 8.58. The company has a market cap of $4.43 million, a P/E ratio of -1.17 and a beta of -0.24. Summer Infant has a one year low of $1.45 and a one year high of $11.16. The stock’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $0.44.

Summer Infant (NASDAQ:SUMR) last posted its quarterly earnings results on Wednesday, March 18th. The company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.18). The company had revenue of $42.70 million during the quarter. Summer Infant had a negative net margin of 2.40% and a negative return on equity of 46.49%.

Summer Infant Company Profile

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily worldwide. It offers audio and video monitors; safety products, including gates, bedrails, baby proofing products, potties, bath products, positioners, and infant health products; nursery products, such as specialty blankets, sleep aides and soothers, and travel accessories; and baby gear products consisting of strollers, bassinets, high chairs, and playards under the Summer, SwaddleMe, and born free brand names.

Further Reading: What are the advantages of the Stochastic Momentum Index?

Receive News & Ratings for Summer Infant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summer Infant and related companies with MarketBeat.com's FREE daily email newsletter.