Short Interest in ThredUp Inc. (NASDAQ:TDUP) Expands By 23.2%

ThredUp Inc. (NASDAQ:TDUP) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 4,890,000 shares, an increase of 23.2% from the December 15th total of 3,970,000 shares. Based on an average daily trading volume, of 841,500 shares, the short-interest ratio is presently 5.8 days. Currently, 6.0% of the company’s stock are short sold.

ThredUp Price Performance

Shares of NASDAQ TDUP traded up $0.09 during mid-day trading on Friday, hitting $2.26. 1,589,208 shares of the stock were exchanged, compared to its average volume of 354,758. ThredUp has a twelve month low of $0.50 and a twelve month high of $2.45. The stock’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $1.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The company has a market cap of $257.09 million, a P/E ratio of -3.53 and a beta of 1.66.

Wall Street Analyst Weigh In

TDUP has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Tuesday. Telsey Advisory Group upped their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research report on Wednesday.

Insider Buying and Selling at ThredUp

In related news, Director Daniel J. Nova bought 45,897 shares of ThredUp stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $1.00 per share, for a total transaction of $45,897.00. Following the completion of the purchase, the director now owns 124,142 shares in the company, valued at approximately $124,142. This represents a 58.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patricia Nakache sold 195,337 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $2.26, for a total value of $441,461.62. Following the transaction, the director now owns 250,956 shares in the company, valued at $567,160.56. This represents a 43.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 214,797 shares of company stock worth $264,905 and have sold 922,112 shares worth $1,840,991. Corporate insiders own 34.42% of the company’s stock.

Institutional Investors Weigh In On ThredUp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blair William & Co. IL increased its stake in shares of ThredUp by 285.0% in the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock valued at $1,550,000 after buying an additional 674,852 shares in the last quarter. Needham Investment Management LLC increased its position in ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after acquiring an additional 415,000 shares in the last quarter. Marshall Wace LLP raised its stake in shares of ThredUp by 37.4% in the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock worth $1,312,000 after acquiring an additional 209,792 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of ThredUp by 72.6% during the second quarter. Squarepoint Ops LLC now owns 402,398 shares of the company’s stock worth $684,000 after purchasing an additional 169,196 shares in the last quarter. Finally, Privium Fund Management B.V. grew its stake in shares of ThredUp by 76.3% during the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after purchasing an additional 165,935 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.