Short Interest in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Declines By 14.6%

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

BigCommerce Stock Down 0.2 %

Shares of NASDAQ BIGC opened at $6.13 on Friday. BigCommerce has a 1 year low of $5.13 and a 1 year high of $8.98. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The business has a 50-day moving average of $6.64 and a two-hundred day moving average of $6.41.

Analyst Ratings Changes

Several equities analysts have commented on BIGC shares. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $8.00 to $7.00 in a report on Friday, January 10th. Finally, Stifel Nicolaus cut their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BigCommerce has an average rating of “Hold” and an average target price of $8.31.

Institutional Investors Weigh In On BigCommerce

Several institutional investors have recently added to or reduced their stakes in BIGC. Clearline Capital LP raised its holdings in BigCommerce by 69.7% during the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after purchasing an additional 661,688 shares in the last quarter. Divisar Capital Management LLC purchased a new position in shares of BigCommerce in the 2nd quarter valued at $4,274,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in BigCommerce by 196.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock worth $2,268,000 after acquiring an additional 256,783 shares in the last quarter. 272 Capital LP lifted its position in BigCommerce by 40.0% in the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock valued at $7,131,000 after acquiring an additional 252,946 shares during the last quarter. Finally, Algert Global LLC grew its holdings in shares of BigCommerce by 67.7% during the third quarter. Algert Global LLC now owns 449,072 shares of the company’s stock worth $2,627,000 after purchasing an additional 181,222 shares during the last quarter. Hedge funds and other institutional investors own 79.21% of the company’s stock.

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.