SharkNinja, Inc. (NYSE:SN) Short Interest Down 18.3% in December

SharkNinja, Inc. (NYSE:SN) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 6,437,031 shares, a decrease of 18.3% from the December 15th total of 7,878,279 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average trading volume of 984,614 shares, the days-to-cover ratio is presently 6.5 days. Based on an average trading volume of 984,614 shares, the days-to-cover ratio is presently 6.5 days. Currently, 4.6% of the shares of the stock are short sold.

SharkNinja Price Performance

Shares of NYSE SN traded up $1.05 on Monday, hitting $127.22. The company’s stock had a trading volume of 998,564 shares, compared to its average volume of 1,276,309. SharkNinja has a 12-month low of $60.50 and a 12-month high of $129.19. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The stock has a 50 day moving average of $107.34 and a 200-day moving average of $107.69.

Institutional Investors Weigh In On SharkNinja

A number of large investors have recently bought and sold shares of SN. Capricorn Fund Managers Ltd raised its holdings in SharkNinja by 16.1% in the second quarter. Capricorn Fund Managers Ltd now owns 130,000 shares of the company’s stock valued at $12,869,000 after buying an additional 18,000 shares during the period. Ethic Inc. purchased a new stake in SharkNinja during the second quarter worth approximately $303,000. Analyst IMS Investment Management Services Ltd. increased its position in shares of SharkNinja by 60.2% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock worth $1,238,000 after acquiring an additional 4,700 shares in the last quarter. Strs Ohio increased its position in shares of SharkNinja by 1,439.4% in the second quarter. Strs Ohio now owns 191,974 shares of the company’s stock worth $19,004,000 after acquiring an additional 179,503 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC raised its stake in shares of SharkNinja by 7.3% in the 2nd quarter. Hardman Johnston Global Advisors LLC now owns 264,316 shares of the company’s stock valued at $26,165,000 after acquiring an additional 18,040 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SN. Morgan Stanley set a $110.00 target price on shares of SharkNinja in a research report on Monday, October 27th. Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. TD Cowen began coverage on shares of SharkNinja in a research report on Wednesday, December 10th. They set a “buy” rating and a $135.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Finally, Cowen reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.75.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.