BARK, Inc. (NYSE:BARK) Short Interest Update

BARK, Inc. (NYSE:BARK) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 13,850,000 shares, a decline of 9.9% from the May 31st total of 15,380,000 shares. Based on an average daily volume of 694,800 shares, the short-interest ratio is presently 19.9 days. Currently, 13.6% of the company’s shares are short sold.

BARK Stock Down 2.3 %

Shares of BARK traded down $0.04 during trading hours on Wednesday, hitting $1.69. 295,491 shares of the company were exchanged, compared to its average volume of 873,797. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.82 and a current ratio of 2.94. The company has a market cap of $296.80 million, a PE ratio of -7.68 and a beta of 1.69. The firm’s 50 day moving average is $1.34 and its 200-day moving average is $1.17. BARK has a 52 week low of $0.70 and a 52 week high of $1.91.

BARK (NYSE:BARK) last issued its quarterly earnings data on Monday, June 3rd. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $121.48 million for the quarter, compared to analyst estimates of $124.00 million. BARK had a negative return on equity of 22.09% and a negative net margin of 7.55%. On average, equities research analysts forecast that BARK will post -0.1 EPS for the current fiscal year.

Insider Transactions at BARK

In other BARK news, Chairman Matt Meeker purchased 38,461 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of $1.39 per share, with a total value of $53,460.79. Following the completion of the transaction, the chairman now owns 9,980,783 shares of the company’s stock, valued at $13,873,288.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.40% of the stock is owned by insiders.

Institutional Trading of BARK

A number of hedge funds have recently modified their holdings of BARK. Kent Lake Capital LLC bought a new stake in shares of BARK in the 3rd quarter worth approximately $2,400,000. SVB Wealth LLC lifted its position in shares of BARK by 100.0% during the 4th quarter. SVB Wealth LLC now owns 93,492 shares of the company’s stock worth $75,000 after buying an additional 46,746 shares during the period. Vanguard Group Inc. lifted its position in shares of BARK by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 6,207,032 shares of the company’s stock worth $7,697,000 after buying an additional 298,343 shares during the period. Gabelli Funds LLC lifted its position in shares of BARK by 22.7% during the 1st quarter. Gabelli Funds LLC now owns 54,000 shares of the company’s stock worth $67,000 after buying an additional 10,000 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of BARK by 27.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock worth $49,000 after buying an additional 8,436 shares during the period. Institutional investors own 28.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded BARK from a “hold” rating to a “buy” rating and boosted their target price for the company from $1.54 to $1.90 in a research note on Tuesday, March 5th.

About BARK

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.