Torrid Holdings Inc. (NYSE:CURV) Short Interest Update

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. Approximately 6.5% of the shares of the stock are short sold. Based on an average daily volume of 514,800 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of Torrid

Several institutional investors have recently added to or reduced their stakes in CURV. Centiva Capital LP purchased a new stake in Torrid during the 3rd quarter valued at about $3,930,000. Geode Capital Management LLC boosted its stake in shares of Torrid by 11.4% during the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock valued at $1,022,000 after purchasing an additional 26,703 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after purchasing an additional 50,439 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Torrid by 8.6% in the third 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. Finally, Verition Fund Management LLC bought a new stake in Torrid during the 3rd quarter valued at $166,000. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Torrid Trading Up 4.4 %

Shares of CURV stock traded up $0.26 during trading hours on Friday, hitting $6.26. 286,850 shares of the company’s stock were exchanged, compared to its average volume of 277,632. Torrid has a 12-month low of $2.18 and a 12-month high of $9.14. The company has a market capitalization of $656.22 million, a PE ratio of 41.76, a PEG ratio of 1.64 and a beta of 1.91. The business’s 50 day simple moving average is $4.66 and its 200-day simple moving average is $5.42.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CURV shares. Bank of America assumed coverage on shares of Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 target price for the company. The Goldman Sachs Group dropped their price objective on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reduced their target price on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.20.

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.