BARK, Inc. (NYSE:BARK) Sees Significant Decrease in Short Interest

BARK, Inc. (NYSE:BARK) saw a significant 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 volume of 694,800 shares, the short-interest ratio is presently 19.9 days. Approximately 13.6% of the shares of the company are short sold.

BARK Price Performance

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

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

Analyst Ratings Changes

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

Insider Buying and Selling at BARK

In other news, Chairman Matt Meeker acquired 38,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average cost of $1.39 per share, with a total value of $53,460.79. Following the acquisition, the chairman now owns 9,980,783 shares in the company, valued at $13,873,288.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.40% of the company’s stock.

Institutional Inflows and Outflows

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

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.