BigCommerce Holdings, Inc. (NASDAQ:BIGC) Short Interest Update

BigCommerce Holdings, Inc. (NASDAQ:BIGC) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 6,520,000 shares, a decrease of 12.8% from the November 30th total of 7,480,000 shares. Based on an average daily volume of 995,100 shares, the short-interest ratio is currently 6.6 days. Approximately 10.3% of the company’s stock are short sold.

BigCommerce Stock Performance

Shares of BigCommerce stock traded down $0.07 during trading hours on Tuesday, reaching $6.12. The company’s stock had a trading volume of 597,177 shares, compared to its average volume of 817,732. BigCommerce has a one year low of $5.13 and a one year high of $9.61. The company’s 50 day simple moving average is $6.44 and its 200 day simple moving average is $6.55. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market cap of $479.69 million, a P/E ratio of -17.00 and a beta of 1.15.

Wall Street Analysts Forecast Growth

BIGC has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays increased their price objective on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, BigCommerce has an average rating of “Hold” and an average price target of $8.44.

Institutional Investors Weigh In On BigCommerce

Institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new position in shares of BigCommerce during the second quarter valued at approximately $35,000. Virtu Financial LLC acquired a new stake in BigCommerce in the third quarter worth $61,000. HighTower Advisors LLC lifted its stake in BigCommerce by 16.8% in the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after buying an additional 2,200 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of BigCommerce by 93.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock valued at $100,000 after acquiring an additional 8,297 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of BigCommerce in the 3rd quarter worth about $105,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

About BigCommerce

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.