Short Interest in Torrid Holdings Inc. (NYSE:CURV) Increases By 50.7%

Torrid Holdings Inc. (NYSE:CURV) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,330,000 shares, an increase of 50.7% from the December 15th total of 882,600 shares. Based on an average daily trading volume, of 514,800 shares, the days-to-cover ratio is presently 2.6 days. Approximately 6.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Torrid

A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Torrid by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock worth $346,000 after buying an additional 6,968 shares during the period. Geode Capital Management LLC increased its position in shares of Torrid by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock worth $1,022,000 after purchasing an additional 26,703 shares in the last quarter. Barclays PLC lifted its holdings in Torrid by 354.5% during the 3rd quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after purchasing an additional 13,584 shares during the last quarter. GSA Capital Partners LLP boosted its position in Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after buying an additional 50,439 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Torrid during the third quarter worth about $104,000. 81.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CURV. Telsey Advisory Group reduced their price target on shares of Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Bank of America started coverage on shares of Torrid in a research note on Friday, December 6th. They issued a “buy” rating and a $5.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.20.

Torrid Price Performance

Shares of Torrid stock traded up $0.26 during trading on Friday, hitting $6.26. 286,850 shares of the company’s stock traded hands, compared to its average volume of 277,632. The company has a market cap of $656.22 million, a PE ratio of 41.76, a PEG ratio of 1.64 and a beta of 1.91. The firm’s fifty day moving average price is $4.66 and its 200 day moving average price is $5.42. Torrid has a twelve month low of $2.18 and a twelve month high of $9.14.

Torrid Company Profile

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.