Yesway, Inc. (NASDAQ:YSWY) Short Interest Up 121.2% in June

Yesway, Inc. (NASDAQ:YSWY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 2,987,689 shares, an increase of 121.2% from the June 15th total of 1,350,859 shares. Based on an average trading volume of 947,796 shares, the days-to-cover ratio is presently 3.2 days. Currently, 4.7% of the company’s stock are short sold.

Yesway Trading Down 0.8%

Shares of YSWY stock traded down $0.16 during trading on Wednesday, hitting $19.98. The company had a trading volume of 13,640 shares, compared to its average volume of 528,249. The business’s 50-day simple moving average is $22.39. Yesway has a 52 week low of $19.20 and a 52 week high of $29.08.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on YSWY shares. BMO Capital Markets started coverage on Yesway in a report on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price on the stock. Wall Street Zen raised Yesway to a “hold” rating in a research report on Saturday, April 25th. Guggenheim restated a “buy” rating on shares of Yesway in a research note on Wednesday, June 3rd. KeyCorp assumed coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “overweight” rating and a $31.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on Yesway in a research report on Monday, May 18th. They set a “neutral” rating and a $28.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.12.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.