Yesway, Inc. (NASDAQ:YSWY – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,350,859 shares, a growth of 186.6% from the May 31st total of 471,393 shares. Based on an average daily trading volume, of 494,412 shares, the short-interest ratio is presently 2.7 days. Currently, 2.1% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on YSWY. JPMorgan Chase & Co. lowered their price target on Yesway from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. BMO Capital Markets assumed coverage on shares of Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price on the stock. Zacks Research upgraded shares of Yesway to a “hold” rating in a report on Tuesday, May 19th. Raymond James Financial initiated coverage on shares of Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of Yesway in a report on Monday, May 18th. They set a “neutral” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.12.
View Our Latest Report on YSWY
Yesway Price Performance
About Yesway
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.
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