1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) Sees Large Growth in Short Interest

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 2,720,000 shares, an increase of 11.5% from the July 15th total of 2,440,000 shares. Based on an average daily trading volume, of 251,400 shares, the short-interest ratio is currently 10.8 days. Currently, 9.8% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com cut 1-800-FLOWERS.COM from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. DA Davidson cut 1-800-FLOWERS.COM from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 18th.

1-800-FLOWERS.COM Stock Performance

FLWS stock traded down $0.08 during midday trading on Monday, hitting $9.44. The company’s stock had a trading volume of 23,306 shares, compared to its average volume of 319,070. The stock’s 50-day moving average price is $9.54 and its 200 day moving average price is $9.68. The company has a quick ratio of 1.13, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. 1-800-FLOWERS.COM has a 1 year low of $5.97 and a 1 year high of $11.42. The stock has a market cap of $606.14 million, a price-to-earnings ratio of -79.33, a PEG ratio of 1.80 and a beta of 1.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLWS. Allspring Global Investments Holdings LLC lifted its position in shares of 1-800-FLOWERS.COM by 96.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,532 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 5,173 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of 1-800-FLOWERS.COM during the 1st quarter valued at $167,000. Price T Rowe Associates Inc. MD lifted its position in shares of 1-800-FLOWERS.COM by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,265 shares of the specialty retailer’s stock valued at $231,000 after buying an additional 1,287 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of 1-800-FLOWERS.COM by 8.9% during the 2nd quarter. Federated Hermes Inc. now owns 25,633 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 2,100 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of 1-800-FLOWERS.COM during the 2nd quarter valued at $256,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

About 1-800-FLOWERS.COM

1-800-FLOWERS.COM, Inc provides gifts for various occasions in the United States and internationally. It operates through three segments: Consumer Floral & Gifts, Gourmet Foods & Gift Baskets, and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements, plants, gifts, personalized products, dipped berries, popcorns, gourmet foods and gift baskets, cookies, chocolates, candies, wines, and gift-quality fruits.