Short Interest in CarParts.com, Inc. (NASDAQ:PRTS) Increases By 21.0%

CarParts.com, Inc. (NASDAQ:PRTS) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 660,900 shares, a growth of 21.0% from the December 31st total of 546,100 shares. Based on an average daily trading volume, of 502,100 shares, the short-interest ratio is currently 1.3 days.

CarParts.com Stock Up 0.9 %

Shares of CarParts.com stock traded up $0.01 during midday trading on Monday, hitting $1.17. The company’s stock had a trading volume of 413,235 shares, compared to its average volume of 523,073. The firm has a market capitalization of $67.16 million, a P/E ratio of -2.17 and a beta of 2.02. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $1.08 and a 200-day simple moving average of $0.96. CarParts.com has a 1-year low of $0.68 and a 1-year high of $2.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com raised CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada reduced their price objective on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating on the stock in a research report on Wednesday, October 30th.

Hedge Funds Weigh In On CarParts.com

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. bought a new position in CarParts.com during the 4th quarter worth approximately $27,000. XTX Topco Ltd boosted its holdings in shares of CarParts.com by 14.9% during the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 10,230 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CarParts.com in the second quarter valued at approximately $93,000. Williams & Novak LLC boosted its position in shares of CarParts.com by 11.1% during the 3rd quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock worth $115,000 after acquiring an additional 12,650 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in CarParts.com by 40.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 78,866 shares in the last quarter. Institutional investors own 75.30% of the company’s stock.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.