BARK, Inc. (NYSE:BARK) Short Interest Update

BARK, Inc. (NYSE:BARK) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 14,717,633 shares, a growth of 24.8% from the March 15th total of 11,791,076 shares. Currently, 199.9% of the shares of the stock are short sold. Based on an average daily volume of 1,697,021 shares, the short-interest ratio is currently 8.7 days.

BARK Trading Down 1.6%

Shares of NYSE BARK traded down $0.17 during midday trading on Friday, reaching $10.12. 157,150 shares of the stock were exchanged, compared to its average volume of 105,309. BARK has a 52-week low of $8.15 and a 52-week high of $28.40. The stock has a 50 day moving average price of $13.51 and a 200-day moving average price of $14.61. The company has a market capitalization of $87.39 million, a P/E ratio of -2.81 and a beta of 2.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BARK. Brevan Howard Capital Management LP bought a new stake in BARK during the second quarter valued at $32,000. XTX Topco Ltd bought a new position in shares of BARK during the 4th quarter valued at about $38,000. SG Americas Securities LLC purchased a new stake in BARK during the third quarter valued at about $41,000. BNP Paribas Financial Markets lifted its stake in BARK by 323.4% during the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after buying an additional 38,526 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in BARK by 58.1% during the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after buying an additional 20,359 shares in the last quarter. 28.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of BARK to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Lake Street Capital set a $30.00 price objective on shares of BARK in a research report on Friday, February 6th. Finally, Canaccord Genuity Group dropped their price objective on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

About BARK

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.