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

Conn’s, Inc. (NASDAQ:CONN) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,860,000 shares, a growth of 14.8% from the March 31st total of 1,620,000 shares. Approximately 14.7% of the company’s stock are short sold. Based on an average daily volume of 136,500 shares, the days-to-cover ratio is currently 13.6 days.

Hedge Funds Weigh In On Conn’s

Several large investors have recently bought and sold shares of CONN. Equitec Proprietary Markets LLC lifted its position in shares of Conn’s by 180.9% during the 1st quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after buying an additional 8,142 shares in the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of Conn’s during the fourth quarter valued at approximately $82,000. Assenagon Asset Management S.A. purchased a new position in Conn’s in the fourth quarter worth $256,000. AM Investment Strategies LLC grew its stake in Conn’s by 20.0% in the 4th quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock valued at $533,000 after purchasing an additional 20,000 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Conn’s by 55.1% during the 3rd quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer’s stock valued at $505,000 after purchasing an additional 45,593 shares during the last quarter. 55.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

Conn’s Stock Performance

Shares of Conn’s stock remained flat at $3.71 on Monday. The stock had a trading volume of 23,231 shares, compared to its average volume of 133,185. The firm has a market capitalization of $92.34 million, a PE ratio of -1.15 and a beta of 2.42. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87. Conn’s has a 12-month low of $2.55 and a 12-month high of $5.26. The stock’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.78.

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.