Yesway, Inc. (NASDAQ:YSWY) Sees Large Growth in Short Interest

Yesway, Inc. (NASDAQ:YSWY) 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. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 494,412 shares, the short-interest ratio is presently 2.7 days.

Yesway Stock Performance

Shares of Yesway stock opened at $21.01 on Friday. The company’s fifty day moving average price is $23.09. Yesway has a 12 month low of $19.20 and a 12 month high of $29.08.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on YSWY shares. Wall Street Zen raised shares of Yesway to a “hold” rating in a research report on Saturday, April 25th. Zacks Research raised shares of Yesway to a “hold” rating in a research report on Tuesday, May 19th. Raymond James Financial assumed 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. The Goldman Sachs Group started coverage on Yesway in a report on Monday, May 18th. They issued a “neutral” rating and a $28.00 price target for the company. Finally, BMO Capital Markets started coverage on Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Yesway currently has an average rating of “Moderate Buy” and a consensus target price of $29.12.

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.