Summer Infant, Inc. (NASDAQ:SUMR) Sees Large Increase in Short Interest

Summer Infant, Inc. (NASDAQ:SUMR) Sees Large Increase in Short Interest

Summer time Infant, Inc. (NASDAQ:SUMRGet Ranking) was the concentrate on of a huge progress in short interest in Might. As of May 31st, there was limited interest totalling 24,800 shares, a advancement of 275.8% from the May perhaps 15th whole of 6,600 shares. Currently, 1.4% of the shares of the stock are limited offered. Centered on an typical trading volume of 16,400 shares, the times-to-address ratio is presently 1.5 days.

NASDAQ SUMR opened at $11.54 on Friday. The business’s 50-day going typical cost is $11.68 and its 200 working day moving typical price is $10.58. The organization has a present ratio of 1.46, a brief ratio of .86 and a personal debt-to-equity ratio of 14.53. Summertime Infant has a twelve thirty day period small of $6.80 and a twelve month superior of $16.89. The organization has a marketplace capitalization of $25.04 million, a PE ratio of -3.53 and a beta of 1.57.

Summer months Toddler (NASDAQ:SUMRGet Ranking) last issued its quarterly earnings benefits on Tuesday, May well 17th. The corporation claimed ($1.19) earnings per share (EPS) for the quarter. Summer season Toddler had a negative return on fairness of 94.31% and a unfavorable net margin of 4.99%. The enterprise had revenue of $34.38 million during the quarter.

Independently, assumed coverage on Summer Toddler in a investigate notice on Monday, June 6th. They established a “buy” rating on the stock.

In connected news, key shareholder Jason P. Macari obtained 7,746 shares of the business’s stock in a transaction that transpired on Tuesday, April 26th. The inventory was procured at an typical price tag of $11.80 for every share, for a full transaction of $91,402.80. Pursuing the transaction, the insider now directly owns 355,263 shares of the company’s inventory, valued at somewhere around $4,192,103.40. The transaction was disclosed in a submitting with the SEC, which is available via this hyperlink. Also, major shareholder Jason P. Macari marketed 9,249 shares of Summer months Infant inventory in a transaction that transpired on Friday, April 22nd. The stock was sold at an average rate of $11.80, for a whole worth of $109,138.20. Pursuing the transaction, the insider now owns 354,868 shares of the company’s stock, valued at $4,187,442.40. The disclosure for this sale can be discovered listed here. 3.00% of the inventory is owned by insiders.

A hedge fund recently bought a new stake in Summer season Infant stock. EHP Funds Inc. bought a new situation in Summer Infant, Inc. (NASDAQ:SUMRGet Rating) all through the first quarter, according to its most latest Sort 13F submitting with the Securities and Trade Fee. The business obtained 12,405 shares of the company’s stock, valued at approximately $145,000. EHP Resources Inc. owned about .57% of Summer time Toddler at the finish of the most recent quarter. 40.95% of the inventory is now owned by hedge cash and other institutional buyers.

About Summer months Toddler (Get Score)

Summer Infant, Inc, an toddler and juvenile products and solutions organization, patterns, markets, and distributes branded juvenile safety and advantage products. It offers a assortment of juvenile items in many solution groups, including gates, potty, bath, entertainers, specialty blankets, strollers, car or truck seats, and travel programs, as very well as audio and movie monitors primarily underneath the Summer time and SwaddleMe brand name names.

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