Beyond, Inc. (NYSE:BYON) Short Interest Update

Beyond, Inc. (NYSE:BYON) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 7,800,000 shares, an increase of 5.8% from the October 31st total of 7,370,000 shares. Approximately 17.3% of the shares of the stock are short sold. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is presently 3.4 days.

Beyond Stock Down 1.6 %

Beyond stock traded down $0.10 during trading hours on Tuesday, hitting $6.27. The company had a trading volume of 823,493 shares, compared to its average volume of 1,979,385. The company has a 50-day moving average price of $7.95 and a two-hundred day moving average price of $10.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond has a 1 year low of $5.57 and a 1 year high of $37.10.

Analysts Set New Price Targets

BYON has been the topic of several recent research reports. Barclays decreased their target price on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Piper Sandler dropped their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Maxim Group dropped their price objective on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Wedbush reduced their price objective on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $16.50.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis bought 156,985 shares of Beyond stock in a transaction dated Sunday, October 27th. The shares were purchased at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the acquisition, the chairman now owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BYON. Dimensional Fund Advisors LP purchased a new stake in shares of Beyond during the second quarter valued at about $9,538,000. Refined Wealth Management purchased a new stake in shares of Beyond during the 2nd quarter valued at $4,201,000. Royce & Associates LP boosted its position in shares of Beyond by 57.8% in the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after purchasing an additional 309,810 shares in the last quarter. ProShare Advisors LLC purchased a new position in Beyond during the 2nd quarter worth $3,800,000. Finally, Bank of New York Mellon Corp acquired a new position in Beyond during the 2nd quarter valued at about $2,188,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.