Short Interest in Yogaworks Inc (NASDAQ:YOGA) Increases By 38.2%

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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.

Shares of NASDAQ YOGA opened at $0.69 on Thursday. Yogaworks has a fifty-two week low of $0.37 and a fifty-two week high of $2.39. The company has a market cap of $11.72 million, a price-to-earnings ratio of -0.32 and a beta of 1.59.

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.

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About Yogaworks

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)?

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