1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Large Decrease in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 487,700 shares, a drop of 7.0% from the August 31st total of 524,500 shares. Based on an average daily trading volume, of 143,100 shares, the short-interest ratio is currently 3.4 days. Approximately 1.7% of the shares of the company are short sold.

1stdibs.Com Stock Up 1.8 %

DIBS stock traded up $0.08 during midday trading on Tuesday, reaching $4.49. 79,404 shares of the company’s stock traded hands, compared to its average volume of 122,723. The company has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $5.06. 1stdibs.Com has a 1-year low of $3.52 and a 1-year high of $6.30. The company has a market cap of $176.80 million, a price-to-earnings ratio of -10.02 and a beta of 0.99.

1stdibs.Com (NASDAQ:DIBS) last announced its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $22.24 million during the quarter, compared to analyst estimates of $21.70 million. 1stdibs.Com had a negative net margin of 16.28% and a negative return on equity of 10.93%. During the same quarter last year, the business posted ($0.21) earnings per share. Equities research analysts forecast that 1stdibs.Com will post -0.47 EPS for the current year.

Insider Activity at 1stdibs.Com

In other 1stdibs.Com news, insider Matthew Rubinger sold 5,422 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $4.63, for a total value of $25,103.86. Following the completion of the transaction, the insider now owns 32,611 shares of the company’s stock, valued at approximately $150,988.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 1stdibs.Com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new stake in shares of 1stdibs.Com during the second quarter valued at approximately $54,000. Panagora Asset Management Inc. acquired a new stake in 1stdibs.Com during the 2nd quarter worth $74,000. Virtu Financial LLC raised its position in shares of 1stdibs.Com by 23.8% during the 1st quarter. Virtu Financial LLC now owns 12,436 shares of the company’s stock valued at $74,000 after acquiring an additional 2,389 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of 1stdibs.Com by 6,785.5% in the 2nd quarter. Rhumbline Advisers now owns 25,201 shares of the company’s stock valued at $113,000 after purchasing an additional 24,835 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of 1stdibs.Com in the 1st quarter worth $124,000. 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.