Torrid Holdings Inc. (NYSE:CURV) Short Interest Up 6.9% in June

Torrid Holdings Inc. (NYSE:CURV) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,860,000 shares, an increase of 6.9% from the May 31st total of 1,740,000 shares. Approximately 17.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 75,700 shares, the short-interest ratio is presently 24.6 days.

Institutional Investors Weigh In On Torrid

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in Torrid during the 4th quarter worth $62,000. Great Lakes Advisors LLC bought a new stake in shares of Torrid in the 4th quarter worth about $93,000. O Shaughnessy Asset Management LLC increased its position in shares of Torrid by 145.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,162 shares of the company’s stock worth $416,000 after purchasing an additional 50,466 shares during the last quarter. Finally, Fund 1 Investments LLC increased its position in shares of Torrid by 493.6% in the 4th quarter. Fund 1 Investments LLC now owns 200,641 shares of the company’s stock worth $1,158,000 after purchasing an additional 166,841 shares during the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CURV shares. The Goldman Sachs Group increased their target price on shares of Torrid from $2.95 to $5.75 and gave the company a “neutral” rating in a report on Monday, April 1st. Telsey Advisory Group increased their price target on shares of Torrid from $6.00 to $8.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Torrid Stock Up 5.3 %

Shares of CURV stock traded up $0.39 during mid-day trading on Tuesday, reaching $7.81. The company’s stock had a trading volume of 236,659 shares, compared to its average volume of 103,183. The company’s 50 day simple moving average is $6.23 and its 200-day simple moving average is $5.39. Torrid has a 12-month low of $1.21 and a 12-month high of $7.98. The firm has a market capitalization of $814.97 million, a PE ratio of 71.01 and a beta of 2.04.

Torrid (NYSE:CURV) last issued its earnings results on Wednesday, June 12th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Torrid had a net margin of 1.05% and a negative return on equity of 5.79%. The business had revenue of $279.77 million for the quarter, compared to the consensus estimate of $280.15 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Torrid will post 0.18 EPS for the current fiscal year.

About Torrid

Torrid Holdings Inc operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.