Bending Spoons S.p.A. (NASDAQ:BSP) Sees Significant Increase in Short Interest

Bending Spoons S.p.A. (NASDAQ:BSP) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,539,603 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 4,686,337 shares, the days-to-cover ratio is currently 1.8 days.

Bending Spoons Trading Up 1.4%

BSP traded up $0.47 on Wednesday, hitting $33.16. 356,480 shares of the company’s stock were exchanged, compared to its average volume of 2,654,861. Bending Spoons has a twelve month low of $30.11 and a twelve month high of $43.98.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings results on Monday, June 8th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $601.32 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BSP shares. Jefferies Financial Group set a $38.00 price target on shares of Bending Spoons and gave the company a “hold” rating in a report on Sunday. Wells Fargo & Company began coverage on shares of Bending Spoons in a research report on Monday. They issued an “overweight” rating and a $45.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of Bending Spoons in a research note on Monday. They issued an “outperform” rating and a $40.00 target price on the stock. Wall Street Zen upgraded shares of Bending Spoons to a “hold” rating in a report on Sunday, July 12th. Finally, Evercore assumed coverage on shares of Bending Spoons in a research report on Monday. They set a “hold” rating and a $36.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.40.