Short Interest in Yesway, Inc. (NASDAQ:YSWY) Expands By 121.2%

Yesway, Inc. (NASDAQ:YSWY) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,987,689 shares, an increase of 121.2% from the June 15th total of 1,350,859 shares. Based on an average daily trading volume, of 947,796 shares, the days-to-cover ratio is currently 3.2 days. Currently, 4.7% of the shares of the company are short sold.

Yesway Stock Up 7.0%

Yesway stock opened at $20.29 on Friday. Yesway has a 52-week low of $18.92 and a 52-week high of $29.08. The company’s 50-day moving average price is $22.11.

Analyst Upgrades and Downgrades

YSWY has been the topic of a number of recent analyst reports. Barclays started coverage on shares of Yesway in a report on Monday, May 18th. They set an “overweight” rating and a $31.00 price target on the stock. Guggenheim restated a “buy” rating on shares of Yesway in a report on Wednesday, June 3rd. BMO Capital Markets began coverage on shares of Yesway in a report on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Yesway in a research report on Monday, May 18th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Raymond James Financial began coverage on shares of Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.12.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.