1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Significant Increase in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 425,200 shares, an increase of 23.9% from the November 30th total of 343,200 shares. Based on an average trading volume of 126,600 shares, the short-interest ratio is presently 3.4 days. Currently, 1.6% of the shares of the stock are sold short.

1stdibs.Com Stock Down 0.3 %

Shares of DIBS stock traded down $0.01 during mid-day trading on Tuesday, reaching $3.63. The stock had a trading volume of 24,277 shares, compared to its average volume of 124,325. The firm has a market cap of $132.54 million, a PE ratio of -8.64 and a beta of 0.94. 1stdibs.Com has a one year low of $3.37 and a one year high of $6.30. The firm’s 50 day simple moving average is $3.91 and its 200 day simple moving average is $4.31.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $21.19 million during the quarter, compared to analyst estimates of $21.61 million. 1stdibs.Com had a negative net margin of 18.94% and a negative return on equity of 13.55%. During the same quarter in the prior year, the company posted ($0.08) EPS. Sell-side analysts forecast that 1stdibs.Com will post -0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of 1stdibs.Com in a report on Monday, December 16th.

Insider Buying and Selling

In related news, insider Matthew Rubinger sold 12,002 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $3.94, for a total transaction of $47,287.88. Following the completion of the sale, the insider now directly owns 12,477 shares in the company, valued at approximately $49,159.38. This trade represents a 49.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 15,088 shares of company stock valued at $61,175 over the last three months. Company insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On 1stdibs.Com

Several institutional investors and hedge funds have recently made changes to their positions in DIBS. American Century Companies Inc. bought a new stake in 1stdibs.Com during the 2nd quarter worth about $54,000. SG Americas Securities LLC acquired a new position in 1stdibs.Com during the 3rd quarter valued at about $56,000. Pitcairn Co. bought a new position in shares of 1stdibs.Com in the 3rd quarter valued at about $65,000. Panagora Asset Management Inc. bought a new stake in shares of 1stdibs.Com during the second quarter worth approximately $74,000. Finally, Garden State Investment Advisory Services LLC bought a new position in 1stdibs.Com in the third quarter valued at approximately $93,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.