Grove Collaborative Holdings, Inc. (NYSE:GROV) Short Interest Update

Grove Collaborative Holdings, Inc. (NYSE:GROV) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,470,000 shares, a growth of 28.9% from the December 15th total of 1,140,000 shares. Based on an average trading volume of 148,600 shares, the short-interest ratio is presently 9.9 days. Currently, 7.6% of the shares of the stock are short sold.

Grove Collaborative Trading Down 2.7 %

NYSE GROV traded down $0.04 during trading on Friday, hitting $1.32. The company had a trading volume of 71,489 shares, compared to its average volume of 175,281. Grove Collaborative has a one year low of $1.19 and a one year high of $2.44. The company has a market cap of $51.55 million, a price-to-earnings ratio of -1.92 and a beta of 1.08. The company’s fifty day moving average is $1.43 and its 200-day moving average is $1.41. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58.

Insider Activity

In other news, CEO Jeffrey Michael Yurcisin acquired 35,000 shares of Grove Collaborative stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $1.38 per share, with a total value of $48,300.00. Following the purchase, the chief executive officer now owns 197,839 shares in the company, valued at $273,017.82. This trade represents a 21.49 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Grove Collaborative

An institutional investor recently bought a new position in Grove Collaborative stock. Renaissance Technologies LLC acquired a new stake in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned 0.06% of Grove Collaborative at the end of the most recent reporting period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated an “outperform” rating and set a $2.00 price target on shares of Grove Collaborative in a research note on Wednesday, November 13th.

Grove Collaborative Company Profile

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.