Conn’s, Inc. (NASDAQ:CONN) Short Interest Up 14.8% in April

Conn’s, Inc. (NASDAQ:CONN) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,860,000 shares, a growth of 14.8% from the March 31st total of 1,620,000 shares. Approximately 14.7% of the shares of the stock are sold short. Based on an average trading volume of 136,500 shares, the short-interest ratio is currently 13.6 days.

Conn’s Trading Down 2.0 %

Shares of Conn’s stock traded down $0.07 during trading hours on Wednesday, reaching $3.46. The stock had a trading volume of 6,372 shares, compared to its average volume of 131,137. The firm has a 50 day simple moving average of $3.57 and a two-hundred day simple moving average of $3.78. The firm has a market capitalization of $86.11 million, a price-to-earnings ratio of -1.09 and a beta of 2.42. The company has a current ratio of 2.58, a quick ratio of 1.87 and a debt-to-equity ratio of 1.93. Conn’s has a 1 year low of $2.55 and a 1 year high of $5.26.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Conn’s from a “sell” rating to a “hold” rating in a research report on Friday, April 12th.

Hedge Funds Weigh In On Conn’s

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in shares of Conn’s during the 4th quarter valued at about $256,000. Acadian Asset Management LLC raised its holdings in shares of Conn’s by 55.1% during the 3rd quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer’s stock valued at $505,000 after buying an additional 45,593 shares during the period. AM Investment Strategies LLC raised its holdings in shares of Conn’s by 20.0% during the 4th quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock valued at $533,000 after buying an additional 20,000 shares during the period. Corsair Capital Management L.P. purchased a new stake in shares of Conn’s during the 4th quarter valued at about $82,000. Finally, Equitec Proprietary Markets LLC increased its holdings in Conn’s by 180.9% during the 1st quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 8,142 shares during the last quarter. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.