Torrid Holdings Inc. (NYSE:CURV) Short Interest Up 50.7% in December

Torrid Holdings Inc. (NYSE:CURV) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,330,000 shares, a growth 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 currently 2.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Torrid by 354.5% during the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock worth $69,000 after purchasing an additional 13,584 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Torrid by 125.2% during the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock worth $82,000 after purchasing an additional 11,551 shares during the period. Maven Securities LTD bought a new stake in Torrid during the 3rd quarter worth approximately $98,000. Quadrature Capital Ltd acquired a new stake in Torrid during the 3rd quarter worth approximately $104,000. Finally, XTX Topco Ltd bought a new position in Torrid in the third quarter valued at approximately $145,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America initiated coverage on shares of Torrid in a research note on Friday, December 6th. They set a “buy” rating and a $5.00 price target on the stock. Telsey Advisory Group decreased their price target on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group dropped their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.20.

Torrid Stock Performance

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

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.