ROI Acquisition Corp Sees Large Growth in Short Interest (EVRY)
ROI Acquisition Corp (NASDAQ:EVRY) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 956,637 shares, a growth of 72.0% from the March 31st total of 556,061 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 103,479 shares, the short-interest ratio is presently 9.2 days. Approximately 11.2% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at Telsey Advisory Group cut their price target on shares of ROI Acquisition Corp from $10.00 to $6.00 in a research note on Wednesday, April 2nd. They now have a “not rated” rating on the stock. Analysts at Oppenheimer downgraded shares of ROI Acquisition Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 25th.
ROI Acquisition Corp (NASDAQ:EVRY) opened at 2.60 on Monday. ROI Acquisition Corp has a 52 week low of $2.51 and a 52 week high of $13.74. The stock’s 50-day moving average is $3.9 and its 200-day moving average is $6.98. The company’s market cap is $57.5 million.
ROI Acquisition Corp (NASDAQ:EVRY) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.34. The company had revenue of $129.30 million for the quarter, compared to the consensus estimate of $137.53 million. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that ROI Acquisition Corp will post $0.15 EPS for the current fiscal year.
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