1stdibs.Com, Inc. (NASDAQ:DIBS) Short Interest Down 5.8% in October

1stdibs.Com, Inc. (NASDAQ:DIBS) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 165,700 shares, a drop of 5.8% from the October 15th total of 175,900 shares. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On 1stdibs.Com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd increased its holdings in 1stdibs.Com by 0.6% in the first quarter. FIL Ltd now owns 1,566,878 shares of the company’s stock worth $6,221,000 after purchasing an additional 10,000 shares in the last quarter. Beck Mack & Oliver LLC increased its holdings in 1stdibs.Com by 13.3% in the second quarter. Beck Mack & Oliver LLC now owns 1,500,814 shares of the company’s stock worth $5,613,000 after purchasing an additional 175,997 shares in the last quarter. BlackRock Inc. increased its holdings in shares of 1stdibs.Com by 7.9% during the third quarter. BlackRock Inc. now owns 1,295,900 shares of the company’s stock valued at $8,152,000 after acquiring an additional 95,237 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 1stdibs.Com by 39.4% during the third quarter. Vanguard Group Inc. now owns 1,006,647 shares of the company’s stock valued at $6,332,000 after acquiring an additional 284,710 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in shares of 1stdibs.Com by 40.8% during the second quarter. Joel Isaacson & Co. LLC now owns 730,427 shares of the company’s stock valued at $2,732,000 after acquiring an additional 211,666 shares in the last quarter. 51.06% of the stock is owned by institutional investors and hedge funds.

1stdibs.Com Price Performance

Shares of 1stdibs.Com stock traded down $0.13 during midday trading on Friday, reaching $4.43. The company had a trading volume of 50,954 shares, compared to its average volume of 143,601. The stock has a fifty day moving average price of $3.97 and a 200 day moving average price of $3.94. The firm has a market cap of $177.11 million, a PE ratio of -6.66 and a beta of 0.92. 1stdibs.Com has a fifty-two week low of $3.44 and a fifty-two week high of $6.63.

1stdibs.Com (NASDAQ:DIBS) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $20.70 million for the quarter, compared to analyst estimates of $20.58 million. 1stdibs.Com had a negative return on equity of 18.83% and a negative net margin of 30.70%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) earnings per share. As a group, sell-side analysts forecast that 1stdibs.Com will post -0.61 EPS for the current year.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. It offers online marketplace that enables commerce between sellers and buyers. The company was incorporated in 2000 and is headquartered in New York, New York.