BARK, Inc. (NYSE:BARK) Short Interest Update
by Doug Wharley · The Cerbat GemBARK, Inc. (NYSE:BARK – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 773,753 shares, a decline of 94.7% from the March 31st total of 14,717,633 shares. Based on an average trading volume of 110,460 shares, the days-to-cover ratio is presently 7.0 days. Approximately 10.5% of the shares of the company are short sold.
Institutional Investors Weigh In On BARK
Several institutional investors and hedge funds have recently bought and sold shares of BARK. Brevan Howard Capital Management LP bought a new stake in BARK in the 2nd quarter valued at $32,000. XTX Topco Ltd bought a new stake in BARK in the 4th quarter valued at $38,000. SG Americas Securities LLC bought a new stake in BARK in the 3rd quarter valued at $41,000. BNP Paribas Financial Markets increased its holdings in BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after buying an additional 38,526 shares during the period. Finally, Cerity Partners LLC increased its holdings in BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after buying an additional 20,359 shares during the period. Institutional investors own 28.76% of the company’s stock.
BARK Stock Up 1.1%
BARK stock traded up $0.10 on Friday, hitting $9.55. The company’s stock had a trading volume of 41,389 shares, compared to its average volume of 90,169. The firm has a market cap of $82.51 million, a P/E ratio of -2.65 and a beta of 2.07. The company has a fifty day moving average price of $12.90 and a 200-day moving average price of $14.39. BARK has a one year low of $8.15 and a one year high of $28.40.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Lake Street Capital set a $30.00 target price on shares of BARK in a research report on Friday, February 6th. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Zacks Research raised shares of BARK to a “hold” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BARK has a consensus rating of “Hold” and a consensus target price of $35.00.
View Our Latest Report on BARK
About BARK
BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.
In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.