Short Interest in Enjoy Technology, Inc. (NASDAQ:ENJY) Declines By 15.3%

Enjoy Technology, Inc. (NASDAQ:ENJY – Get Rating) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 615,200 shares, a decrease of 15.3% from the April 15th total of 726,600 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 195,400 shares, the days-to-cover ratio is currently 3.1 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in Enjoy Technology during the 4th quarter valued at approximately $34,000. Bank of America Corp DE acquired a new stake in shares of Enjoy Technology during the fourth quarter worth approximately $38,000. Penserra Capital Management LLC bought a new stake in shares of Enjoy Technology in the fourth quarter worth $46,000. Sciencast Management LP acquired a new stake in Enjoy Technology in the first quarter valued at $56,000. Finally, State Street Corp bought a new position in Enjoy Technology during the 4th quarter valued at $69,000. 41.19% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on ENJY shares. Zacks Investment Research downgraded Enjoy Technology from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus cut their price target on shares of Enjoy Technology from $6.00 to $0.50 in a report on Tuesday. Loop Capital decreased their price objective on shares of Enjoy Technology from $8.00 to $4.00 in a research note on Friday, March 25th. Telsey Advisory Group downgraded shares of Enjoy Technology to an “underperform” rating in a research note on Tuesday. Finally, BTIG Research lowered shares of Enjoy Technology from a “buy” rating to a “neutral” rating in a report on Thursday, April 14th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.50.

Shares of NASDAQ:ENJY opened at $0.35 on Wednesday. The company has a 50 day moving average of $2.61 and a two-hundred day moving average of $3.93. Enjoy Technology has a 52-week low of $0.31 and a 52-week high of $12.16.

Enjoy Technology (NASDAQ:ENJY – Get Rating) last released its quarterly earnings results on Wednesday, March 23rd. The company reported ($0.68) earnings per share for the quarter. The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $25.60 million. On average, analysts anticipate that Enjoy Technology will post -1.25 EPS for the current fiscal year.

Enjoy Technology Company Profile (Get Rating)

Enjoy Technology, Inc operates mobile retail stores in the United States, Canada, and the United Kingdom. It assists consumer in evaluating and selecting a range of accessories, media subscriptions, device protection, broadband, and other services. The company was founded in 2015 and is headquartered in Palo Alto, California.

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