Overstock.com Inc (NASDAQ:OSTK) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 7,081,711 shares, a growth of 33.9% from the January 31st total of 5,287,859 shares. Based on an average daily volume of 4,216,705 shares, the days-to-cover ratio is currently 1.7 days. Approximately 43.5% of the company’s stock are short sold.

Shares of Overstock.com (OSTK) opened at $60.55 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86. The stock has a market cap of $1,445.10, a PE ratio of -140.81 and a beta of 1.57. Overstock.com has a 1-year low of $13.75 and a 1-year high of $89.80.

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In related news, insider Jonathan E. Johnson III sold 4,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $66.10, for a total transaction of $264,400.00. Following the sale, the insider now directly owns 30,092 shares of the company’s stock, valued at approximately $1,989,081.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 28.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Overstock.com during the 3rd quarter valued at about $109,000. Edge Wealth Management LLC purchased a new stake in shares of Overstock.com during the 4th quarter valued at about $130,000. Pier 88 Investment Partners LLC purchased a new stake in shares of Overstock.com during the 4th quarter valued at about $147,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Overstock.com by 113.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,990 shares of the company’s stock valued at $191,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Overstock.com during the 2nd quarter valued at about $192,000. 55.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on OSTK. BidaskClub downgraded shares of Overstock.com from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. DA Davidson raised their price target on shares of Overstock.com from $85.00 to $110.00 and gave the company a “buy” rating in a report on Monday, January 8th.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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