Short Interest in CarParts.com, Inc. (NASDAQ:PRTS) Declines By 26.9%

CarParts.com, Inc. (NASDAQ:PRTS) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 556,400 shares, a decline of 26.9% from the November 15th total of 760,900 shares. Based on an average daily volume of 452,500 shares, the days-to-cover ratio is presently 1.2 days.

CarParts.com Trading Up 0.9 %

Shares of NASDAQ PRTS traded up $0.01 during trading hours on Friday, hitting $0.98. 279,306 shares of the company traded hands, compared to its average volume of 750,986. The company’s 50 day moving average price is $0.91 and its 200 day moving average price is $0.96. CarParts.com has a 12 month low of $0.68 and a 12 month high of $3.65. The stock has a market capitalization of $56.20 million, a price-to-earnings ratio of -1.81 and a beta of 2.04. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10.

CarParts.com (NASDAQ:PRTS) last announced its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%. The firm had revenue of $144.75 million during the quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their target price on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

Institutional Trading of CarParts.com

Several institutional investors have recently added to or reduced their stakes in PRTS. XTX Topco Ltd boosted its stake in shares of CarParts.com by 14.9% during the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 10,230 shares during the period. Williams & Novak LLC lifted its holdings in CarParts.com by 11.1% during the 3rd quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock valued at $115,000 after buying an additional 12,650 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in CarParts.com in the 2nd quarter valued at about $50,000. Dynamic Advisor Solutions LLC grew its stake in CarParts.com by 73.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 129,327 shares of the specialty retailer’s stock worth $129,000 after acquiring an additional 54,869 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of CarParts.com by 40.1% during the third quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 78,866 shares during the period. Institutional investors own 75.30% of the company’s stock.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.