HSN, Inc. (HSNI) Short Interest Down 40.9% in December
HSN, Inc. (NASDAQ:HSNI) was the recipient of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 904,118 shares, a decrease of 40.9% from the December 15th total of 1,530,106 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,681,015 shares, the short-interest ratio is currently 0.5 days.
HSNI has been the topic of several analyst reports. BidaskClub upgraded HSN from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. B. Riley reiterated a “hold” rating and set a $36.00 price target on shares of HSN in a research report on Thursday, November 9th. Zacks Investment Research cut HSN from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, UBS Group decreased their price target on HSN from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. HSN has a consensus rating of “Hold” and a consensus price target of $43.17.
HSN (NASDAQ:HSNI) opened at $40.35 on Thursday. HSN has a twelve month low of $30.90 and a twelve month high of $44.15. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $2,120.00, a PE ratio of 18.68, a PEG ratio of 1.64 and a beta of 1.41.
Several hedge funds and other institutional investors have recently modified their holdings of HSNI. PineView Asset Management LP grew its holdings in shares of HSN by 206.0% during the second quarter. PineView Asset Management LP now owns 956,256 shares of the specialty retailer’s stock worth $30,505,000 after purchasing an additional 643,765 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of HSN during the third quarter worth about $20,796,000. Magnetar Financial LLC purchased a new position in shares of HSN during the third quarter worth about $19,676,000. Victory Capital Management Inc. grew its holdings in shares of HSN by 4,102.0% during the third quarter. Victory Capital Management Inc. now owns 499,324 shares of the specialty retailer’s stock worth $19,498,000 after purchasing an additional 487,441 shares in the last quarter. Finally, Koch Industries Inc. grew its holdings in shares of HSN by 6,451.3% during the second quarter. Koch Industries Inc. now owns 383,449 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 377,596 shares in the last quarter. 57.49% of the stock is owned by institutional investors.
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HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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