Kaspien Holdings Inc. (NASDAQ:KSPN – Get Rating) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 5,600 shares, a decrease of 36.4% from the March 31st total of 8,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 17,100 shares, the short-interest ratio is presently 0.3 days.
Shares of KSPN stock traded up $0.27 on Friday, reaching $6.16. The stock had a trading volume of 44,177 shares, compared to its average volume of 48,976. Kaspien has a 12 month low of $5.02 and a 12 month high of $28.03. The firm has a market capitalization of $15.34 million, a price-to-earnings ratio of -1.88 and a beta of 0.30. The firm’s 50-day moving average is $7.29 and its two-hundred day moving average is $10.08. The company has a quick ratio of 0.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.35.
Kaspien (NASDAQ:KSPN – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The company reported ($2.33) earnings per share for the quarter. The business had revenue of $36.03 million for the quarter. Kaspien had a negative return on equity of 24.59% and a negative net margin of 1.54%. On average, sell-side analysts forecast that Kaspien will post -0.44 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Kaspien from a “sell” rating to a “hold” rating in a research note on Wednesday, February 2nd.
An institutional investor recently raised its position in Kaspien stock. Morgan Stanley raised its holdings in shares of Kaspien Holdings Inc. (NASDAQ:KSPN – Get Rating) by 87.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,875 shares of the company’s stock after purchasing an additional 875 shares during the quarter. Morgan Stanley owned approximately 0.08% of Kaspien worth $45,000 at the end of the most recent reporting period. Institutional investors own 35.48% of the company’s stock.
About Kaspien (Get Rating)
Kaspien Holdings Inc operates a platform of software and services on digital marketplaces. Its platform of software and services enable brand’s online distribution channel on digital marketplaces, such as Amazon, Walmart, eBay, Target, and others. The company was formerly known as Trans World Entertainment Corporation and changed its name to Kaspien Holdings Inc in September 2020.
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