Enjoy Technology, Inc. (NASDAQ:ENJY) Short Interest Update

Enjoy Technology, Inc. (NASDAQ:ENJY – Get Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 376,600 shares, a decline of 38.8% from the April 30th total of 615,200 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 430,600 shares, the short-interest ratio is currently 0.9 days.

ENJY stock traded up $0.03 during midday trading on Friday, hitting $0.27. The company’s stock had a trading volume of 3,200,342 shares, compared to its average volume of 387,647. The stock has a market cap of $32.68 million, a price-to-earnings ratio of -0.12 and a beta of 3.19. The stock’s 50-day moving average price is $2.09 and its 200 day moving average price is $3.53. Enjoy Technology has a 1 year low of $0.21 and a 1 year high of $12.16.

Enjoy Technology (NASDAQ:ENJY – Get Rating) last issued its earnings results on Wednesday, March 23rd. The company reported ($0.68) earnings per share (EPS) for the quarter. The business had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $25.60 million. Research analysts expect that Enjoy Technology will post -1.29 earnings per share for the current year.

ENJY has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Enjoy Technology from $6.00 to $0.50 in a research report on Tuesday, May 17th. BTIG Research lowered shares of Enjoy Technology from a “buy” rating to a “neutral” rating in a research note on Thursday, April 14th. Loop Capital cut their target price on Enjoy Technology from $8.00 to $4.00 in a research note on Friday, March 25th. Zacks Investment Research downgraded Enjoy Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, May 17th. Finally, Telsey Advisory Group cut Enjoy Technology from a “market perform” rating to an “underperform” rating in a research report on Tuesday, May 17th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.50.

Several institutional investors and hedge funds have recently modified their holdings of the business. King Street Capital Management L.P. bought a new stake in shares of Enjoy Technology in the fourth quarter valued at $31,827,000. Oak Management Corp bought a new stake in shares of Enjoy Technology during the 4th quarter valued at $24,322,000. Highland Management Partners 9 LLC bought a new stake in shares of Enjoy Technology during the 4th quarter valued at $15,012,000. Tran Capital Management L.P. raised its stake in shares of Enjoy Technology by 385.8% during the 1st quarter. Tran Capital Management L.P. now owns 2,639,928 shares of the company’s stock valued at $10,033,000 after purchasing an additional 2,096,497 shares during the period. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Enjoy Technology during the 4th quarter valued at $11,050,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

About Enjoy Technology (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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