Bending Spoons S.p.A. (NASDAQ:BSP) Sees Significant Increase in Short Interest

Bending Spoons S.p.A. (NASDAQ:BSP) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 14,464,209 shares, a growth of 69.4% from the July 15th total of 8,539,603 shares. Based on an average daily trading volume, of 1,942,603 shares, the days-to-cover ratio is presently 7.4 days.

Bending Spoons Price Performance

Shares of BSP traded down $0.81 during midday trading on Monday, hitting $38.50. 1,225,168 shares of the stock traded hands, compared to its average volume of 2,821,408. Bending Spoons has a 1-year low of $30.11 and a 1-year high of $58.94.

Bending Spoons (NASDAQ:BSP) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.19. The business had revenue of $704.15 million for the quarter. The company’s revenue for the quarter was up 126.3% compared to the same quarter last year. Analysts expect that Bending Spoons will post 1.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho set a $72.00 target price on Bending Spoons in a research report on Tuesday, August 11th. Wall Street Zen upgraded Bending Spoons to a “hold” rating in a report on Sunday, July 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Bending Spoons in a research report on Friday. Evercore assumed coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “hold” rating and a $36.00 price target for the company. Finally, Bank of America cut shares of Bending Spoons from a “neutral” rating to an “underperform” rating and set a $39.00 price target on the stock. in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.80.

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.