Overstock.com Inc (NASDAQ:OSTK) was the target of a large drop in short interest in November. As of November 29th, there was short interest totalling 8,960,000 shares, a drop of 9.1% from the November 14th total of 9,860,000 shares. Approximately 27.1% of the company’s stock are short sold. Based on an average trading volume of 3,720,000 shares, the days-to-cover ratio is currently 2.4 days.

In other Overstock.com news, major shareholder Patrick Michael Byrne sold 1,505,123 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $21.84, for a total transaction of $32,871,886.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 19.40% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of OSTK. Aperio Group LLC acquired a new stake in shares of Overstock.com in the 2nd quarter worth $61,000. Advisor Group Inc. raised its stake in Overstock.com by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,162 shares of the company’s stock worth $56,000 after acquiring an additional 754 shares during the last quarter. Advisory Services Network LLC purchased a new position in Overstock.com in the 2nd quarter worth $88,000. TRUE Private Wealth Advisors purchased a new position in Overstock.com in the 2nd quarter worth $44,000. Finally, Swiss National Bank raised its stake in Overstock.com by 8.6% in the 2nd quarter. Swiss National Bank now owns 47,800 shares of the company’s stock worth $650,000 after acquiring an additional 3,800 shares during the last quarter. 49.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Overstock.com stock traded down $0.23 during trading on Friday, reaching $7.14. The company’s stock had a trading volume of 1,134,048 shares, compared to its average volume of 1,123,977. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 0.25. The company has a market cap of $251.68 million, a price-to-earnings ratio of -1.15 and a beta of 2.23. Overstock.com has a 1-year low of $6.92 and a 1-year high of $29.75. The company has a 50-day simple moving average of $8.66 and a two-hundred day simple moving average of $13.57.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.62) by ($0.25). The business had revenue of $347.10 million during the quarter, compared to analyst estimates of $376.21 million. Overstock.com had a negative return on equity of 65.78% and a negative net margin of 8.90%. The firm’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.55) EPS.

A number of analysts have recently weighed in on OSTK shares. Maxim Group set a $40.00 price objective on Overstock.com and gave the stock a “buy” rating in a research report on Monday, August 26th. DA Davidson lowered their price objective on Overstock.com from $48.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. BidaskClub cut Overstock.com from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 14th. Finally, Zacks Investment Research raised Overstock.com from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Overstock.com has an average rating of “Buy” and a consensus target price of $25.67.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home d├ęcor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

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