1stdibs.Com, Inc. (NASDAQ:DIBS) Sees Large Drop in Short Interest

1stdibs.Com, Inc. (NASDAQ:DIBS) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 165,700 shares, a drop of 5.8% from the October 15th total of 175,900 shares. Based on an average daily volume of 75,200 shares, the short-interest ratio is currently 2.2 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of 1stdibs.Com by 225.0% in the 1st quarter. Bank of New York Mellon Corp now owns 47,361 shares of the company’s stock valued at $378,000 after purchasing an additional 32,790 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of 1stdibs.Com in the first quarter valued at $119,000. BlackRock Inc. grew its holdings in 1stdibs.Com by 141.7% during the 1st quarter. BlackRock Inc. now owns 877,698 shares of the company’s stock valued at $7,013,000 after purchasing an additional 514,489 shares during the last quarter. Vanguard Group Inc. raised its position in 1stdibs.Com by 155.6% in the 1st quarter. Vanguard Group Inc. now owns 726,244 shares of the company’s stock worth $5,802,000 after purchasing an additional 442,072 shares during the period. Finally, American International Group Inc. lifted its stake in 1stdibs.Com by 181.1% in the first quarter. American International Group Inc. now owns 10,066 shares of the company’s stock worth $80,000 after purchasing an additional 6,485 shares during the last quarter. Hedge funds and other institutional investors own 51.06% of the company’s stock.

1stdibs.Com Stock Down 2.9 %

NASDAQ DIBS traded down $0.13 on Friday, reaching $4.43. The company had a trading volume of 50,957 shares, compared to its average volume of 143,603. The stock has a market capitalization of $177.11 million, a PE ratio of -6.51 and a beta of 0.92. The firm’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.94. 1stdibs.Com has a 12 month low of $3.44 and a 12 month high of $6.63.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.10. The company had revenue of $20.70 million during the quarter, compared to analyst estimates of $20.58 million. 1stdibs.Com had a negative return on equity of 18.83% and a negative net margin of 30.70%. The firm’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.23) earnings per share. On average, research analysts expect that 1stdibs.Com will post -0.61 EPS for the current year.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. It offers online marketplace that enables commerce between sellers and buyers. The company was incorporated in 2000 and is headquartered in New York, New York.