Short Interest in Arhaus, Inc. (NASDAQ:ARHS) Expands By 58.3%

Arhaus, Inc. (NASDAQ:ARHSGet Rating) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 913,400 shares, an increase of 58.3% from the March 15th total of 576,900 shares. Approximately 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 391,100 shares, the short-interest ratio is currently 2.3 days.

A number of institutional investors and hedge funds have recently modified their holdings of ARHS. FS Capital Partners VI LLC purchased a new stake in Arhaus in the fourth quarter worth approximately $404,445,000. Artemis Investment Management LLP purchased a new stake in Arhaus in the fourth quarter worth approximately $16,026,000. Goldman Sachs Group Inc. purchased a new stake in Arhaus in the fourth quarter worth approximately $13,127,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Arhaus in the fourth quarter worth approximately $11,499,000. Finally, Emerald Advisers LLC purchased a new stake in Arhaus in the fourth quarter worth approximately $11,169,000. 88.24% of the stock is owned by institutional investors and hedge funds.

ARHS stock opened at $7.71 on Friday. The stock has a 50 day moving average of $7.50. Arhaus has a 1-year low of $6.17 and a 1-year high of $14.95.

Arhaus (NASDAQ:ARHSGet Rating) last posted its quarterly earnings data on Wednesday, March 30th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.10. On average, analysts anticipate that Arhaus will post 0.59 EPS for the current year.

ARHS has been the topic of several analyst reports. Guggenheim decreased their price target on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 5th. Zacks Investment Research cut Arhaus from a “hold” rating to a “sell” rating in a research report on Monday, March 28th. Telsey Advisory Group upped their price target on Arhaus from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, March 31st. Finally, Jefferies Financial Group set a $17.00 price target on Arhaus in a research report on Tuesday, January 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Arhaus has an average rating of “Buy” and a consensus target price of $13.69.

About Arhaus (Get Rating)

Arhaus, Inc provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor furniture product that includes bedroom, dining room, living room, home office furnishings, textile products consist of handcrafted indoor and outdoor rugs, bed linens, and pillows and throws décor products include wall art, mirrors, vases, candles, and other decorative accessories and outdoor products comprise outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

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