Short Interest in Body Central Corp. Grows By 49.9% (BODY)
Body Central Corp. (NASDAQ:BODY) saw a significant increase in short interest in the month of January. As of March 31st, there was short interest totalling 3,184,866 shares, an increase of 49.9% from the March 14th total of 2,124,173 shares, Analyst Ratings Network reports. Currently, 20.8% of the company’s shares are short sold. Based on an average daily volume of 1,911,127 shares, the short-interest ratio is presently 1.7 days.
Separately, analysts at Zacks downgraded shares of Body Central Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 3rd. They now have a $1.10 price target on the stock. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Body Central Corp. currently has a consensus rating of “Hold” and an average price target of $6.90.
Shares of Body Central Corp. (NASDAQ:BODY) opened at 1.05 on Friday. Body Central Corp. has a 52-week low of $0.86 and a 52-week high of $13.39. The stock’s 50-day moving average is $1.92 and its 200-day moving average is $3.47. The company’s market cap is $17.2 million.
Body Central Corp. (NASDAQ:BODY) last announced its earnings results on Tuesday, March 25th. The company reported ($0.74) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.41. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $72.66 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 18.3% on a year-over-year basis. On average, analysts predict that Body Central Corp. will post $-1.33 earnings per share for the current fiscal year.
Body Central Corporation operates a women’s clothing retail store that sells fashion trends and basic favourites.
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