XpresSpa Group Inc (NASDAQ:XSPA) Sees Large Increase in Short Interest

XpresSpa Group Inc (NASDAQ:XSPA) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 278,300 shares, an increase of 137.5% from the May 30th total of 117,200 shares. Currently, 18.6% of the company’s shares are short sold. Based on an average daily volume of 390,700 shares, the short-interest ratio is presently 0.7 days.

Shares of NASDAQ:XSPA opened at $1.50 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.29 and a quick ratio of 0.24. XpresSpa Group has a 12-month low of $1.45 and a 12-month high of $8.38. The stock’s fifty day moving average is $1.84.

XpresSpa Group (NASDAQ:XSPA) last announced its earnings results on Wednesday, May 15th. The company reported ($1.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($1.51). The company had revenue of $12.23 million for the quarter. XpresSpa Group had a negative return on equity of 107.39% and a negative net margin of 32.47%.

Separately, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

About XpresSpa Group

XpresSpa Group, Inc operates as a health and wellness services company in the United States and internationally. It operates through two segments, Wellness and Intellectual Property. The Wellness segment offers airport retailer spa services; massage services for the neck, back, feet, and whole body; nail care, such as pedicures, manicures, and polish changes; travel products, including neck pillows, blankets, and massage tools; and cryotherapy, compression, and personal care services, as well as retail products.

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