The Container Store Group, Inc. (NYSE:TCS) Short Interest Update

The Container Store Group, Inc. (NYSE:TCS) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 123,000 shares, a decline of 55.5% from the October 31st total of 276,200 shares. Approximately 6.1% of the company’s shares are sold short. Based on an average trading volume of 134,800 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of The Container Store Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

The Container Store Group Stock Performance

Shares of TCS stock traded down $0.17 on Thursday, reaching $3.44. 102,701 shares of the company’s stock traded hands, compared to its average volume of 74,856. The company has a market capitalization of $11.87 million, a P/E ratio of -0.12 and a beta of 1.08. The Container Store Group has a 12-month low of $3.32 and a 12-month high of $37.80. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $7.87.

Hedge Funds Weigh In On The Container Store Group

Several institutional investors and hedge funds have recently bought and sold shares of TCS. Zazove Associates LLC boosted its stake in shares of The Container Store Group by 72.6% during the 1st quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer’s stock valued at $536,000 after buying an additional 197,831 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in The Container Store Group during the first quarter valued at $490,000. Assenagon Asset Management S.A. purchased a new position in The Container Store Group in the second quarter valued at about $165,000. Finally, Renaissance Technologies LLC increased its position in The Container Store Group by 21.0% in the 2nd quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 15,300 shares during the last quarter. Hedge funds and other institutional investors own 67.11% of the company’s stock.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.