BigCommerce Holdings, Inc. (NASDAQ:BIGC) Short Interest Update

BigCommerce Holdings, Inc. (NASDAQ:BIGC) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 5,570,000 shares, a decline of 14.6% from the December 31st total of 6,520,000 shares. Based on an average daily trading volume, of 901,100 shares, the short-interest ratio is currently 6.2 days. Currently, 8.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC boosted its stake in shares of BigCommerce by 89.4% during the 2nd quarter. Algert Global LLC now owns 267,850 shares of the company’s stock valued at $2,159,000 after purchasing an additional 126,443 shares in the last quarter. Barclays PLC boosted its position in BigCommerce by 154.9% during the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after acquiring an additional 70,902 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of BigCommerce by 88.2% during the 3rd quarter. Jane Street Group LLC now owns 206,265 shares of the company’s stock worth $1,207,000 after acquiring an additional 96,667 shares during the period. Walleye Capital LLC purchased a new position in shares of BigCommerce during the 3rd quarter worth approximately $170,000. Finally, Clearbridge Investments LLC raised its position in shares of BigCommerce by 8.0% in the 2nd quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock worth $11,551,000 after acquiring an additional 106,080 shares in the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

BigCommerce Trading Down 2.5 %

NASDAQ BIGC traded down $0.16 on Friday, hitting $6.09. The company’s stock had a trading volume of 263,341 shares, compared to its average volume of 664,956. The firm has a market cap of $476.94 million, a P/E ratio of -16.90 and a beta of 1.18. BigCommerce has a 52-week low of $5.13 and a 52-week high of $8.98. The company’s 50-day simple moving average is $6.64 and its 200 day simple moving average is $6.31. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays lowered shares of BigCommerce from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.31.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.