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

Bending Spoons S.p.A. (NASDAQ:BSP) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 8,539,603 shares, a growth of ? from the June 30th total of 0 shares. Based on an average daily volume of 4,686,337 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BSP shares. Wells Fargo & Company began coverage on Bending Spoons in a research report on Monday. They set an “overweight” rating and a $45.00 price objective for the company. BNP Paribas Exane assumed coverage on shares of Bending Spoons in a report on Monday. They issued an “outperform” rating and a $40.00 target price on the stock. Sanford C. Bernstein started coverage on shares of Bending Spoons in a research note on Monday. They issued an “outperform” rating and a $40.00 price target for the company. Jefferies Financial Group set a $38.00 price target on shares of Bending Spoons and gave the stock a “hold” rating in a report on Sunday. Finally, Evercore started coverage on shares of Bending Spoons in a research report on Monday. They issued a “hold” rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Bending Spoons has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

Bending Spoons Price Performance

NASDAQ BSP traded up $0.47 during trading hours on Wednesday, hitting $33.16. 356,480 shares of the stock were exchanged, compared to its average volume of 2,654,861. Bending Spoons has a 12-month low of $30.11 and a 12-month high of $43.98.

Bending Spoons (NASDAQ:BSP) last issued its earnings results on Monday, June 8th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $601.32 million during the quarter.