Summer Infant, Inc. (NASDAQ:SUMR) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 36,600 shares, a decrease of 8.3% from the May 30th total of 39,900 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 22,200 shares, the short-interest ratio is presently 1.6 days.

Separately, Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th.

An institutional investor recently raised its position in Summer Infant stock. Wynnefield Capital Inc. increased its holdings in shares of Summer Infant, Inc. (NASDAQ:SUMR) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,749,086 shares of the company’s stock after buying an additional 65,154 shares during the period. Summer Infant comprises approximately 3.8% of Wynnefield Capital Inc.’s investment portfolio, making the stock its 11th largest holding. Wynnefield Capital Inc. owned approximately 35.91% of Summer Infant worth $7,397,000 as of its most recent SEC filing. Institutional investors own 46.22% of the company’s stock.

Shares of NASDAQ:SUMR remained flat at $$0.48 during midday trading on Monday. The stock had a trading volume of 1,009 shares, compared to its average volume of 16,625. Summer Infant has a 52-week low of $0.44 and a 52-week high of $1.98. The firm has a market cap of $9.14 million, a PE ratio of -16.10 and a beta of 0.51. The company has a current ratio of 2.08, a quick ratio of 1.08 and a debt-to-equity ratio of 7.11. The company’s 50-day simple moving average is $0.52.

Summer Infant (NASDAQ:SUMR) last announced its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Summer Infant had a negative return on equity of 9.43% and a negative net margin of 1.69%. The firm had revenue of $42.54 million for the quarter, compared to analyst estimates of $41.60 million.

Summer Infant Company Profile

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily worldwide. It offers audio and video monitors; safety products, including gates, bedrails, baby proofing products, potties, bath products, positioners, and infant health products; nursery products, such as specialty blankets, sleep aides and soothers, and travel accessories; and baby gear products consisting of strollers, bassinets, high chairs, and playards under the Summer, SwaddleMe, and born free brand names.

Further Reading: Current Ratio

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