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

Bending Spoons S.p.A. (NASDAQ:BSP) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,464,209 shares, a growth of 69.4% from the July 15th total of 8,539,603 shares. Based on an average trading volume of 1,942,603 shares, the days-to-cover ratio is presently 7.4 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Benchmark upped their price target on Bending Spoons from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating and set a $47.00 target price on shares of Bending Spoons in a research note on Friday. Mizuho set a $72.00 price objective on Bending Spoons in a report on Tuesday, August 11th. The Goldman Sachs Group started coverage on Bending Spoons in a research note on Monday, July 27th. They set a “buy” rating and a $43.00 price target for the company. Finally, Evercore initiated coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “hold” rating and a $36.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.80.

Bending Spoons Trading Down 2.1%

BSP traded down $0.81 during trading on Monday, hitting $38.50. The stock had a trading volume of 1,225,168 shares, compared to its average volume of 2,821,408. Bending Spoons has a 12 month low of $30.11 and a 12 month high of $58.94.

Bending Spoons (NASDAQ:BSP) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The business had revenue of $704.15 million during the quarter. The business’s revenue for the quarter was up 126.3% compared to the same quarter last year. As a group, equities analysts predict that Bending Spoons will post 1.3 EPS for the current year.

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.