Summer Infant, Inc. (NASDAQ:SUMR) Sees Significant Decrease in Short Interest

Summer Infant, Inc. (NASDAQ:SUMR) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 5,000 shares, a decrease of 59.7% from the June 15th total of 12,400 shares. Based on an average daily trading volume, of 27,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

NASDAQ:SUMR opened at $9.35 on Tuesday. Summer Infant has a 1-year low of $1.45 and a 1-year high of $11.16. The business’s 50-day moving average price is $6.43 and its two-hundred day moving average price is $2.56. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 10.12. The firm has a market capitalization of $19.74 million, a price-to-earnings ratio of -4.95 and a beta of 1.53.

Summer Infant (NASDAQ:SUMR) last released its earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share for the quarter. Summer Infant had a negative net margin of 2.33% and a negative return on equity of 44.46%. The company had revenue of $40.34 million during the quarter.

About Summer Infant

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily worldwide. It offers audio and video monitors; safety products, including gates, bedrails, baby proofing products, potties, bath products, positioners, and infant health products; nursery products, such as specialty blankets, sleep aides and soothers, and travel accessories; and baby gear products consisting of strollers, bassinets, high chairs, and playards under the Summer, SwaddleMe, and born free brand names.

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