Beyond, Inc. (NYSE:BYON) Short Interest Update

Beyond, Inc. (NYSE:BYON) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,210,000 shares, an increase of 27.1% from the January 31st total of 8,820,000 shares. Based on an average daily volume of 3,120,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 24.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Beyond by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock worth $672,000 after purchasing an additional 1,292 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after buying an additional 2,411 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock valued at $32,000 after acquiring an additional 2,678 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Beyond by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock valued at $152,000 after acquiring an additional 3,059 shares during the last quarter. Finally, Dupree Financial Group LLC boosted its holdings in shares of Beyond by 4.6% in the 4th quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock worth $464,000 after acquiring an additional 4,107 shares in the last quarter. 76.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BYON has been the subject of several recent analyst reports. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a report on Wednesday. Barclays cut their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.29.

Beyond Price Performance

NYSE BYON traded down $0.15 on Thursday, reaching $5.53. The company’s stock had a trading volume of 1,953,266 shares, compared to its average volume of 3,442,739. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a market cap of $294.10 million, a PE ratio of -0.75 and a beta of 3.91. The business has a 50-day moving average price of $6.98 and a 200 day moving average price of $7.78.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The company had revenue of $303.15 million during the quarter, compared to the consensus estimate of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. Sell-side analysts expect that Beyond will post -3.75 EPS for the current year.

About Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.