Kaspien Holdings Inc. (NASDAQ:KSPN) Short Interest Up 37.1% in May

Kaspien Holdings Inc. (NASDAQ:KSPNGet Rating) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 8,500 shares, a growth of 37.1% from the May 15th total of 6,200 shares. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the shares of the company are short sold.

Shares of Kaspien stock traded up $0.04 during trading on Wednesday, hitting $2.86. The stock had a trading volume of 460 shares, compared to its average volume of 16,864. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 0.28. The firm has a market cap of $7.13 million, a P/E ratio of -0.86 and a beta of 0.43. The business has a fifty day moving average of $4.76 and a two-hundred day moving average of $7.57. Kaspien has a fifty-two week low of $2.75 and a fifty-two week high of $26.30.

Kaspien (NASDAQ:KSPNGet Rating) last posted its quarterly earnings results on Friday, April 29th. The company reported ($2.33) earnings per share for the quarter. The business had revenue of $36.03 million for the quarter. Kaspien had a negative net margin of 5.59% and a negative return on equity of 72.72%. As a group, research analysts forecast that Kaspien will post -0.44 earnings per share for the current year.

A hedge fund recently raised its stake in Kaspien stock. UBS Group AG boosted its holdings in shares of Kaspien Holdings Inc. (NASDAQ:KSPNGet Rating) by 273.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,947 shares of the company’s stock after purchasing an additional 1,425 shares during the quarter. UBS Group AG owned about 0.08% of Kaspien worth $32,000 at the end of the most recent quarter.

Kaspien Company Profile (Get Rating)

Kaspien Holdings Inc operates an e-commerce marketplace growth platform that offers a suite of software and services. Its platform of software and services enable brand's online distribution channel on digital marketplaces, such as Amazon, Walmart, Target, and others. The company's marketplace as a service approach consists of delivering technology-enabled services to partners, including software and associated support services.

See Also

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