Grove Collaborative Holdings, Inc. (NYSE:GROV) Short Interest Update

Grove Collaborative Holdings, Inc. (NYSE:GROV) was the recipient of a large increase in short interest in 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 shares of the stock are sold short. Based on an average daily volume of 148,600 shares, the days-to-cover ratio is presently 9.9 days.

Grove Collaborative Stock Down 2.7 %

GROV traded down $0.04 during midday trading on Friday, hitting $1.32. The company had a trading volume of 71,489 shares, compared to its average volume of 175,281. The company has a market capitalization of $51.55 million, a price-to-earnings ratio of -1.92 and a beta of 1.08. The stock’s 50 day moving average price is $1.43 and its 200 day moving average price is $1.41. 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 52 week low of $1.19 and a 52 week high of $2.44.

Insider Buying and Selling at Grove Collaborative

In related news, CEO Jeffrey Michael Yurcisin acquired 35,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $1.38 per share, for a total transaction of $48,300.00. Following the transaction, the chief executive officer now directly owns 197,839 shares in the company, valued at $273,017.82. This trade represents a 21.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.13% of the company’s stock.

Institutional Trading of Grove Collaborative

An institutional investor recently raised its position in Grove Collaborative stock. Geode Capital Management LLC boosted its position in Grove Collaborative Holdings, Inc. (NYSE:GROV) by 5.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 182,524 shares of the company’s stock after purchasing an additional 9,114 shares during the period. Geode Capital Management LLC owned about 0.47% of Grove Collaborative worth $246,000 as of its most recent SEC filing. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.