Yogaworks Inc (NASDAQ:YOGA) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 145,200 shares, an increase of 38.2% from the April 30th total of 105,100 shares. Based on an average daily volume of 173,800 shares, the short-interest ratio is currently 0.8 days. Approximately 3.6% of the company’s stock are short sold.
Several equities research analysts recently issued reports on YOGA shares. ValuEngine lowered shares of Yogaworks from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Imperial Capital decreased their price objective on shares of Yogaworks from $3.50 to $2.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Zacks Investment Research downgraded Yogaworks from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in YOGA. Wedbush Securities Inc. raised its stake in shares of Yogaworks by 108.3% in the 1st quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock valued at $43,000 after purchasing an additional 24,447 shares in the last quarter. Mount Vernon Associates Inc. MD bought a new stake in Yogaworks in the first quarter valued at about $193,000. Finally, Hayden Royal LLC bought a new stake in Yogaworks in the first quarter valued at about $46,000. 6.61% of the stock is owned by institutional investors.
Yogaworks (NASDAQ:YOGA) last announced its earnings results on Wednesday, March 27th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.37). The business had revenue of $14.04 million during the quarter, compared to analyst estimates of $13.96 million. Yogaworks had a negative net margin of 57.80% and a negative return on equity of 121.97%. Equities research analysts forecast that Yogaworks will post -0.81 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This article was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/4382098/short-interest-in-yogaworks-inc-nasdaqyoga-increases-by-38-2.html.
YogaWorks, Inc operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. It primarily provides yoga classes, workshops, teacher training programs, and yoga-related retail merchandise. The company offers online yoga instruction and programming services through its MyYogaWorks Web platform.
Read More: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Yogaworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yogaworks and related companies with MarketBeat.com's FREE daily email newsletter.