GoPro, Inc. (NASDAQ:GPRO) Short Interest Up 58.6% in February

GoPro, Inc. (NASDAQ:GPRO) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 7,520,000 shares, a growth of 58.6% from the January 31st total of 4,740,000 shares. Currently, 6.0% of the company’s shares are sold short. Based on an average trading volume of 2,410,000 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

GPRO has been the subject of several research analyst reports. StockNews.com downgraded shares of GoPro from a “hold” rating to a “sell” rating in a research note on Friday. Wedbush reissued a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a research note on Friday, January 31st.

GoPro Stock Down 1.8 %

NASDAQ:GPRO traded down $0.01 during trading hours on Friday, reaching $0.75. The company’s stock had a trading volume of 2,060,549 shares, compared to its average volume of 2,927,880. The company has a market capitalization of $115.51 million, a P/E ratio of -0.26 and a beta of 1.51. GoPro has a 12 month low of $0.73 and a 12 month high of $2.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The stock has a 50 day moving average price of $0.99 and a two-hundred day moving average price of $1.18.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). GoPro had a negative return on equity of 55.77% and a negative net margin of 53.94%. Equities analysts predict that GoPro will post -0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On GoPro

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of GoPro during the fourth quarter valued at $191,000. Squarepoint Ops LLC purchased a new stake in GoPro in the fourth quarter valued at $42,000. Two Sigma Investments LP boosted its holdings in GoPro by 4.2% in the fourth quarter. Two Sigma Investments LP now owns 1,510,166 shares of the company’s stock valued at $1,646,000 after purchasing an additional 61,484 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in GoPro by 566.8% in the fourth quarter. Graham Capital Management L.P. now owns 72,253 shares of the company’s stock valued at $79,000 after purchasing an additional 61,418 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in GoPro by 110.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 721,900 shares of the company’s stock valued at $787,000 after purchasing an additional 379,500 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

GoPro Company Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.