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K2M Group Holdings (NASDAQ:KTWO) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 958,218 shares, an increase of 45.3% from the June 30th total of 659,529 shares, American Banking and Market News reports. Based on an average daily volume of 74,252 shares, the days-to-cover ratio is presently 12.9 days. Approximately 8.4% of the company’s stock are short sold.

Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “overweight” rating and a $18.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $20.67.

K2M Group Holdings (NASDAQ:KTWO) opened at 17.01 on Wednesday. K2M Group Holdings has a 1-year low of $13.71 and a 1-year high of $17.16. The stock has a 50-day moving average of $15.47 and a 200-day moving average of $15.2. The company’s market cap is $630.8 million.

K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings results on Wednesday, June 4th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $0.37. The company had revenue of $42.25 million for the quarter, compared to the consensus estimate of $41.88 million. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts expect that K2M Group Holdings will post $-1.46 EPS for the current fiscal year.

K2M Group Holdings, Inc (NASDAQ:KTWO) is a global medical device company focused on designing, developing and commercializing spine technologies and techniques.

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