Conn’s, Inc. (NASDAQ:CONN) Short Interest Update

Conn’s, Inc. (NASDAQ:CONN) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,620,000 shares, a decline of 8.5% from the March 15th total of 1,770,000 shares. Approximately 13.0% of the shares of the stock are short sold. Based on an average daily volume of 132,700 shares, the days-to-cover ratio is presently 12.2 days.

Conn’s Price Performance

CONN traded down $0.12 during midday trading on Tuesday, reaching $3.85. 50,166 shares of the company’s stock were exchanged, compared to its average volume of 140,564. The business’s 50-day moving average price is $3.82 and its 200 day moving average price is $3.77. The stock has a market capitalization of $94.52 million, a PE ratio of -1.20 and a beta of 2.42. Conn’s has a 1-year low of $2.55 and a 1-year high of $5.39. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87.

Institutional Investors Weigh In On Conn’s

A number of large investors have recently bought and sold shares of the stock. Point72 Middle East FZE purchased a new stake in shares of Conn’s in the fourth quarter valued at $27,000. Quarry LP acquired a new position in Conn’s in the 1st quarter valued at about $36,000. XTX Topco Ltd purchased a new position in Conn’s in the 2nd quarter valued at about $47,000. Hsbc Holdings PLC acquired a new stake in shares of Conn’s during the 3rd quarter worth about $48,000. Finally, UBS Group AG grew its holdings in shares of Conn’s by 61.9% during the fourth quarter. UBS Group AG now owns 7,957 shares of the specialty retailer’s stock worth $55,000 after buying an additional 3,042 shares in the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Conn’s from a “sell” rating to a “hold” rating in a research report on Friday.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.