Torrid Holdings Inc. (NYSE:CURV) Short Interest Up 50.7% in December

Torrid Holdings Inc. (NYSE:CURV) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,330,000 shares, a growth of 50.7% from the December 15th total of 882,600 shares. Based on an average daily volume of 514,800 shares, the days-to-cover ratio is currently 2.6 days. Approximately 6.5% of the company’s stock are short sold.

Analysts Set New Price Targets

CURV has been the topic of a number of research analyst reports. Bank of America assumed coverage on shares of Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 price objective on the stock. Telsey Advisory Group cut their price target on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group decreased their price objective on Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.20.

Torrid Trading Up 4.4 %

NYSE CURV traded up $0.26 during trading hours on Friday, hitting $6.26. The company’s stock had a trading volume of 286,850 shares, compared to its average volume of 277,632. The company’s 50-day simple moving average is $4.66 and its two-hundred day simple moving average is $5.42. The company has a market capitalization of $656.22 million, a PE ratio of 41.76, a price-to-earnings-growth ratio of 1.64 and a beta of 1.91. Torrid has a 52 week low of $2.18 and a 52 week high of $9.14.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CURV. Centiva Capital LP purchased a new stake in Torrid in the 3rd quarter valued at $3,930,000. Geode Capital Management LLC raised its holdings in shares of Torrid by 11.4% in the third quarter. Geode Capital Management LLC now owns 259,929 shares of the company’s stock valued at $1,022,000 after purchasing an additional 26,703 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock valued at $425,000 after purchasing an additional 50,439 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Torrid by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after purchasing an additional 6,968 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Torrid during the third quarter worth about $166,000. Institutional investors own 81.82% of the company’s stock.

About Torrid

Torrid Holdings Inc operates in women’s plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.