Short Interest in Grove Collaborative Holdings, Inc. (NYSE:GROV) Grows By 28.9%

Grove Collaborative Holdings, Inc. (NYSE:GROV) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,470,000 shares, an increase of 28.9% from the December 15th total of 1,140,000 shares. Approximately 7.6% of the company’s stock are sold short. Based on an average trading volume of 148,600 shares, the short-interest ratio is currently 9.9 days.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued an “outperform” rating and issued a $2.00 price objective on shares of Grove Collaborative in a report on Wednesday, November 13th.

Insider Buying and Selling

In related news, CEO Jeffrey Michael Yurcisin purchased 35,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $1.38 per share, with a total value of $48,300.00. Following the acquisition, the chief executive officer now directly owns 197,839 shares in the company, valued at $273,017.82. The trade was a 21.49 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Grove Collaborative

An institutional investor recently bought a new position in Grove Collaborative stock. Renaissance Technologies LLC purchased a new position in Grove Collaborative Holdings, Inc. (NYSE:GROV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned about 0.06% of Grove Collaborative as of its most recent SEC filing. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Grove Collaborative Price Performance

GROV stock traded down $0.04 during midday trading on Friday, hitting $1.32. The company’s stock had a trading volume of 71,489 shares, compared to its average volume of 175,281. The firm has a market capitalization of $51.55 million, a price-to-earnings ratio of -1.92 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58. Grove Collaborative has a 12 month low of $1.19 and a 12 month high of $2.44. The company has a 50 day moving average of $1.43 and a two-hundred day moving average of $1.41.

About Grove Collaborative

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.