ROI Acquisition Corp Short Interest Up 30.2% in May (EVRY)
ROI Acquisition Corp (NASDAQ:EVRY) was the recipient of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 2,077,304 shares, an increase of 30.2% from the May 15th total of 1,595,950 shares, American Banking & Market News reports. Based on an average daily trading volume, of 368,167 shares, the short-interest ratio is currently 5.6 days. Approximately 24.0% of the company’s shares are sold short.
EVRY has been the subject of a number of recent research reports. Analysts at Telsey Advisory Group cut their price target on shares of ROI Acquisition Corp from $6.00 to $3.00 in a research note on Monday, May 19th. They now have a “not rated” rating on the stock. Separately, analysts at Zacks downgraded shares of ROI Acquisition Corp from a “neutral” rating to an “underperform” rating in a research note on Friday, May 16th. They now have a $1.30 price target on the stock.
Shares of ROI Acquisition Corp (NASDAQ:EVRY) opened at 1.31 on Wednesday. ROI Acquisition Corp has a 52 week low of $0.67 and a 52 week high of $13.74. The stock has a 50-day moving average of $1.54 and a 200-day moving average of $5.22. The company’s market cap is $26.9 million.
ROI Acquisition Corp (NASDAQ:EVRY) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.70. Analysts expect that ROI Acquisition Corp will post $-2.52 EPS for the current fiscal year.
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