Short Interest in Grove Collaborative Holdings, Inc. (NYSE:GROV) Increases By 28.9%

Grove Collaborative Holdings, Inc. (NYSE:GROV) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,470,000 shares, a growth of 28.9% from the December 15th total of 1,140,000 shares. Based on an average trading volume of 148,600 shares, the short-interest ratio is presently 9.9 days. Approximately 7.6% of the shares of the stock are short sold.

Insider Buying and Selling

In other Grove Collaborative news, CEO Jeffrey Michael Yurcisin bought 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.13% of the stock is owned by company insiders.

Institutional Trading of Grove Collaborative

A hedge fund recently bought a new stake in Grove Collaborative stock. Renaissance Technologies LLC bought a new stake in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned approximately 0.06% of Grove Collaborative as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Grove Collaborative Trading Down 2.7 %

NYSE GROV traded down $0.04 on Friday, hitting $1.32. The company’s stock had a trading volume of 71,489 shares, compared to its average volume of 175,281. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58. The firm has a market cap of $51.55 million, a P/E ratio of -1.92 and a beta of 1.08. The company’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.41. Grove Collaborative has a 52-week low of $1.19 and a 52-week high of $2.44.

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.