Bending Spoons S.p.A. (NASDAQ:BSP) Sees Large Increase in Short Interest

Bending Spoons S.p.A. (NASDAQ:BSP – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 8,539,603 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 4,686,337 shares, the days-to-cover ratio is currently 1.8 days.

Bending Spoons Stock Performance

BSP traded down $0.27 during trading on Friday, reaching $34.47. 311,240 shares of the company were exchanged, compared to its average volume of 2,536,869. Bending Spoons has a 52 week low of $30.11 and a 52 week high of $43.98.

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Bending Spoons (NASDAQ:BSP – Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.32 EPS for the quarter. The firm had revenue of $601.32 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Bending Spoons to a “hold” rating in a research note on Sunday, July 12th. Evercore assumed coverage on Bending Spoons in a research note on Monday. They set a “hold” rating and a $36.00 price objective on the stock. Sanford C. Bernstein began coverage on Bending Spoons in a report on Monday. They set an “outperform” rating and a $40.00 target price on the stock. Wells Fargo & Company initiated coverage on Bending Spoons in a research report on Monday. They issued an “overweight” rating and a $45.00 target price for the company. Finally, BNP Paribas Exane assumed coverage on Bending Spoons in a report on Monday. They issued an “outperform” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.40.

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