1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Large Decline in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 487,700 shares, a decrease of 7.0% from the August 31st total of 524,500 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 143,100 shares, the short-interest ratio is presently 3.4 days.

1stdibs.Com Price Performance

DIBS stock traded up $0.11 during mid-day trading on Tuesday, reaching $4.52. 93,803 shares of the company traded hands, compared to its average volume of 122,799. The company has a fifty day moving average price of $4.52 and a 200-day moving average price of $5.06. 1stdibs.Com has a 52-week low of $3.52 and a 52-week high of $6.30. The company has a market capitalization of $177.98 million, a P/E ratio of -10.02 and a beta of 0.99.

1stdibs.Com (NASDAQ:DIBS) last issued its earnings results on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). 1stdibs.Com had a negative return on equity of 10.93% and a negative net margin of 16.28%. The business had revenue of $22.24 million during the quarter, compared to analysts’ expectations of $21.70 million. During the same quarter in the previous year, the business earned ($0.21) EPS. As a group, analysts forecast that 1stdibs.Com will post -0.47 EPS for the current year.

Insider Buying and Selling at 1stdibs.Com

In related news, insider Matthew Rubinger sold 5,422 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $4.63, for a total transaction of $25,103.86. Following the sale, the insider now directly owns 32,611 shares in the company, valued at approximately $150,988.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 19.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 1stdibs.Com

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. bought a new stake in 1stdibs.Com in the second quarter valued at approximately $54,000. Panagora Asset Management Inc. bought a new stake in 1stdibs.Com during the second quarter worth about $74,000. Virtu Financial LLC increased its stake in shares of 1stdibs.Com by 23.8% during the first quarter. Virtu Financial LLC now owns 12,436 shares of the company’s stock valued at $74,000 after purchasing an additional 2,389 shares in the last quarter. Rhumbline Advisers increased its stake in shares of 1stdibs.Com by 6,785.5% during the second quarter. Rhumbline Advisers now owns 25,201 shares of the company’s stock valued at $113,000 after purchasing an additional 24,835 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of 1stdibs.Com during the first quarter valued at approximately $124,000. Institutional investors own 66.97% of the company’s stock.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.