BigCommerce Holdings, Inc. (NASDAQ:BIGC) Short Interest Down 14.6% in December

BigCommerce Holdings, Inc. (NASDAQ:BIGC) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 5,570,000 shares, a decrease of 14.6% from the December 15th total of 6,520,000 shares. Approximately 8.8% of the shares of the company are sold short. Based on an average trading volume of 901,100 shares, the days-to-cover ratio is presently 6.2 days.

Institutional Investors Weigh In On BigCommerce

Hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in BigCommerce during the 2nd quarter worth approximately $35,000. Virtu Financial LLC purchased a new stake in shares of BigCommerce in the third quarter valued at approximately $61,000. AQR Capital Management LLC acquired a new position in BigCommerce during the second quarter worth $121,000. HighTower Advisors LLC raised its position in BigCommerce by 16.8% in the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in BigCommerce in the third quarter valued at $920,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BIGC shares. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $7.00 in a report on Friday, January 10th. Stifel Nicolaus reduced their target price on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, BigCommerce presently has a consensus rating of “Hold” and an average target price of $8.31.

BigCommerce Trading Down 0.2 %

BIGC stock opened at $6.13 on Friday. The company has a fifty day moving average of $6.64 and a 200-day moving average of $6.41. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce has a one year low of $5.13 and a one year high of $8.98.

About BigCommerce

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.