Solo Brands, Inc. (NYSE:DTC – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,550,000 shares, an increase of 12.3% from the August 15th total of 1,380,000 shares. Currently, 5.3% of the shares of the company are sold short. Based on an average trading volume of 496,800 shares, the days-to-cover ratio is presently 3.1 days.
Solo Brands Trading Down 0.2 %
NYSE:DTC opened at $4.56 on Monday. The stock has a market cap of $412.52 million, a price-to-earnings ratio of 16.29, a PEG ratio of 0.66 and a beta of 2.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.44 and a current ratio of 3.10. Solo Brands has a 1 year low of $3.39 and a 1 year high of $8.86. The business has a fifty day moving average of $5.61 and a 200-day moving average of $5.92.
Solo Brands (NYSE:DTC – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Solo Brands had a net margin of 3.37% and a return on equity of 9.11%. The firm had revenue of $130.93 million during the quarter, compared to analyst estimates of $131.37 million. Equities analysts predict that Solo Brands will post 0.62 earnings per share for the current year.
Analyst Ratings Changes
Institutional Investors Weigh In On Solo Brands
Institutional investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. acquired a new stake in shares of Solo Brands in the first quarter valued at $36,000. Allspring Global Investments Holdings LLC acquired a new stake in Solo Brands in the 2nd quarter valued at about $36,000. Citigroup Inc. bought a new position in shares of Solo Brands during the 2nd quarter valued at about $37,000. Quantbot Technologies LP acquired a new position in shares of Solo Brands in the 1st quarter worth approximately $56,000. Finally, UBS Group AG raised its holdings in shares of Solo Brands by 9,253.0% in the 4th quarter. UBS Group AG now owns 9,353 shares of the company’s stock worth $35,000 after purchasing an additional 9,253 shares in the last quarter. 75.38% of the stock is currently owned by institutional investors and hedge funds.
Solo Brands Company Profile
Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.
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