Enjoy Technology, Inc. (NASDAQ:ENJY – Get Rating) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 977,600 shares, an increase of 159.6% from the May 15th total of 376,600 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 752,100 shares, the days-to-cover ratio is presently 1.3 days.
A number of institutional investors have recently made changes to their positions in ENJY. Wolverine Asset Management LLC purchased a new position in Enjoy Technology in the 4th quarter worth about $34,000. Bank of America Corp DE purchased a new position in Enjoy Technology in the 4th quarter worth approximately $38,000. Penserra Capital Management LLC purchased a new stake in shares of Enjoy Technology during the 4th quarter worth approximately $46,000. Sciencast Management LP purchased a new stake in shares of Enjoy Technology during the 1st quarter worth approximately $56,000. Finally, State Street Corp purchased a new stake in Enjoy Technology during the 4th quarter valued at $69,000. 41.19% of the stock is owned by institutional investors and hedge funds.
Shares of Enjoy Technology stock opened at $0.25 on Friday. The business has a 50-day moving average of $1.38 and a two-hundred day moving average of $2.99. Enjoy Technology has a 1 year low of $0.21 and a 1 year high of $12.16.
Enjoy Technology (NASDAQ:ENJY – Get Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.68) earnings per share for the quarter. The firm had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $25.60 million. On average, research analysts predict that Enjoy Technology will post -1.29 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group lowered shares of Enjoy Technology from a “market perform” rating to an “underperform” rating in a research report on Tuesday, May 17th. BTIG Research downgraded Enjoy Technology from a “buy” rating to a “neutral” rating in a report on Thursday, April 14th. Stifel Nicolaus cut their price target on Enjoy Technology from $6.00 to $0.50 in a research note on Tuesday, May 17th. Finally, Loop Capital lowered their price target on Enjoy Technology from $8.00 to $4.00 in a report on Friday, March 25th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.50.
About Enjoy Technology (Get Rating)
Enjoy Technology, Inc operates mobile retail stores in the United States, Canada, and the United Kingdom. It assists consumer in evaluating and selecting a range of accessories, media subscriptions, device protection, broadband, and other services. The company was founded in 2015 and is headquartered in Palo Alto, California.
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