RetailMeNot Short Interest Up 52.5% in April (SALE)
Shares of RetailMeNot (NASDAQ:SALE) were the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,820,847 shares, a growth of 52.5% from the April 15th total of 1,193,739 shares, American Banking & Market News reports. Based on an average daily volume of 700,849 shares, the short-interest ratio is presently 2.6 days. Currently, 6.7% of the shares of the company are short sold.
In other RetailMeNot news, COO Kelli Beougher unloaded 1,458 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.60, for a total value of $43,156.80. Following the completion of the sale, the chief operating officer now directly owns 35,000 shares in the company, valued at approximately $1,036,000. The sale was disclosed in a filing with the SEC, which is available at this link.
SALE has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of RetailMeNot from $44.00 to $48.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of RetailMeNot from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $41.60 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.09.
RetailMeNot (NASDAQ:SALE) opened at 29.88 on Monday. RetailMeNot has a 1-year low of $25.51 and a 1-year high of $48.73. The stock’s 50-day moving average is $31.39 and its 200-day moving average is $33.37. The company has a market cap of $1.605 billion and a P/E ratio of 96.56.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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