Yesway, Inc. (NASDAQ:YSWY) Short Interest Update

Yesway, Inc. (NASDAQ:YSWY) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,350,859 shares, an increase of 186.6% from the May 31st total of 471,393 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 494,412 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Ratings Changes

Several brokerages have issued reports on YSWY. Guggenheim reaffirmed a “buy” rating on shares of Yesway in a research note on Wednesday, June 3rd. Morgan Stanley assumed coverage on Yesway in a report on Monday, May 18th. They set an “equal weight” rating and a $28.00 price objective on the stock. Raymond James Financial assumed coverage on Yesway in a research report on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price for the company. BMO Capital Markets initiated coverage on Yesway in a research note on Monday, May 18th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Zacks Research upgraded shares of Yesway to a “hold” rating in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.12.

Yesway Price Performance

YSWY traded down $0.48 on Tuesday, hitting $20.21. 63,136 shares of the company were exchanged, compared to its average volume of 571,375. The stock’s fifty day moving average price is $23.04. Yesway has a 12 month low of $19.20 and a 12 month high of $29.08.

Yesway Company Profile

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.