Short Interest in BARK, Inc. (NYSE:BARK) Decreases By 9.9%

BARK, Inc. (NYSE:BARK) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 13,850,000 shares, a drop of 9.9% from the May 31st total of 15,380,000 shares. Based on an average daily trading volume, of 694,800 shares, the short-interest ratio is currently 19.9 days. Currently, 13.6% of the company’s stock are sold short.

Insider Buying and Selling at BARK

In other BARK news, Chairman Matt Meeker purchased 38,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average cost of $1.39 per share, with a total value of $53,460.79. Following the completion of the transaction, the chairman now owns 9,980,783 shares of the company’s stock, valued at approximately $13,873,288.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.40% of the company’s stock.

Institutional Investors Weigh In On BARK

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of BARK by 27.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock valued at $49,000 after acquiring an additional 8,436 shares during the period. Gabelli Funds LLC boosted its holdings in BARK by 22.7% in the 1st quarter. Gabelli Funds LLC now owns 54,000 shares of the company’s stock valued at $67,000 after purchasing an additional 10,000 shares during the period. SVB Wealth LLC grew its position in shares of BARK by 100.0% during the 4th quarter. SVB Wealth LLC now owns 93,492 shares of the company’s stock valued at $75,000 after purchasing an additional 46,746 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BARK by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,207,032 shares of the company’s stock worth $7,697,000 after purchasing an additional 298,343 shares during the period. Finally, Kent Lake Capital LLC purchased a new stake in shares of BARK in the third quarter worth $2,400,000. 28.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of BARK from a “hold” rating to a “buy” rating and boosted their target price for the company from $1.54 to $1.90 in a research note on Tuesday, March 5th.

BARK Stock Down 2.3 %

BARK traded down $0.04 during trading hours on Wednesday, hitting $1.69. The stock had a trading volume of 294,421 shares, compared to its average volume of 873,788. BARK has a 1 year low of $0.70 and a 1 year high of $1.91. The company’s fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.17. The company has a current ratio of 2.94, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29.

BARK (NYSE:BARK) last announced its quarterly earnings results on Monday, June 3rd. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $121.48 million for the quarter, compared to analysts’ expectations of $124.00 million. BARK had a negative net margin of 7.55% and a negative return on equity of 22.09%. Analysts predict that BARK will post -0.1 earnings per share for the current fiscal year.

About BARK

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.