iMedia Brands, Inc. (NASDAQ:IMBI – Get Rating) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 879,100 shares, an increase of 7.3% from the October 31st total of 819,600 shares. Currently, 5.5% of the company's stock are short sold. Based on an average daily volume of 773,200 shares, the short-interest ratio is presently 1.1 days.
Institutional Trading of iMedia Brands
Several institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its position in iMedia Brands by 44.5% during the third quarter. D.A. Davidson & CO. now owns 157,699 shares of the company's stock worth $101,000 after buying an additional 48,588 shares during the last quarter. Royce & Associates LP increased its position in iMedia Brands by 32.8% during the third quarter. Royce & Associates LP now owns 1,312,947 shares of the company's stock worth $840,000 after buying an additional 324,537 shares during the last quarter. International Assets Investment Management LLC increased its position in iMedia Brands by 54.3% during the second quarter. International Assets Investment Management LLC now owns 61,756 shares of the company's stock worth $75,000 after buying an additional 21,741 shares during the last quarter. Dimensional Fund Advisors LP increased its position in iMedia Brands by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 96,688 shares of the company's stock worth $583,000 after buying an additional 12,663 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in iMedia Brands during the first quarter worth approximately $96,000. Institutional investors own 39.68% of the company's stock.
Get iMedia Brands alerts:iMedia Brands Stock Performance
IMBI remained flat at $0.58 on Friday. The company had a trading volume of 207,024 shares, compared to its average volume of 256,641. iMedia Brands has a fifty-two week low of $0.44 and a fifty-two week high of $7.74. The company has a market cap of $13.45 million, a P/E ratio of -0.30 and a beta of 2.03. The company has a current ratio of 1.36, a quick ratio of 0.75 and a debt-to-equity ratio of 4.53. The company has a 50 day moving average price of $0.56 and a two-hundred day moving average price of $1.08.
Analysts Set New Price Targets
A number of analysts have recently commented on IMBI shares. B. Riley upgraded iMedia Brands from a "neutral" rating to a "buy" rating and set a $5.00 price target on the stock in a report on Thursday, September 15th. Lake Street Capital dropped their target price on iMedia Brands from $3.00 to $2.00 in a report on Wednesday, November 23rd. Finally, Craig Hallum dropped their target price on iMedia Brands from $20.00 to $7.00 in a report on Thursday, August 25th.iMedia Brands Company Profile
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iMedia Brands, Inc operates as an interactive media company in the United States and internationally. It operates through three segments: Entertainment, Consumer Brands, and Media Commerce Services. The company operates television networks, including ShopHQ that offers jewelry and watches, home, beauty and health, and fashion and accessories; ShopBulldogTV, which provides male-oriented products and services; ShopHQHealth that offers women and men products and services focused on health and wellness categories, such as physical, mental and spiritual health, financial and motivational wellness, weight management, and telehealth medical services; ShopJewelryHQ for jewelry products and services; and 1-2-3.tv, a retailing marketplace for live and automated auctions.
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