1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Short Interest Up 14.9% in December

From MarketBeat:

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) has had a significant increase in short interest, with 1,310,000 shares sold short, an increase of 14.9% from November. Roughly 4.6% of the company’s shares are sold short. Based on the average volume, the days-to-cover ratio stands at 3.5 days.

Institutional investors have increased their holdings in 1-800-FLOWERS.COM, with Eagle Bay Advisors LLC, Tower Research Capital LLC TRC, and UBS Group AG significantly raising their positions in the company. 37.51% of the stock is now owned by institutional investors and hedge funds.

Several research firms have commented on FLWS, with StockNews.com initiating coverage with a “hold” rating. 1-800-FLOWERS.COM has a consensus rating of “Moderate Buy” and an average target price of $12.50.

1-800-FLOWERS.COM stock traded down $0.26 on Monday, reaching $10.78. The company has a 52-week low of $5.97 and a 52-week high of $13.29. The company last announced its earnings results on Thursday, November 2nd.

1-800-FLOWERS.COM provides gifts for various occasions in the United States and internationally. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, and more.

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