Yesway, Inc. (NASDAQ:YSWY) Short Interest Up 186.6% in June

Yesway, Inc. (NASDAQ:YSWY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,350,859 shares, an increase of 186.6% from the May 31st total of 471,393 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 494,412 shares, the short-interest ratio is presently 2.7 days.

Yesway Price Performance

YSWY stock opened at $21.01 on Monday. Yesway has a 52-week low of $19.20 and a 52-week high of $29.08. The company’s 50-day moving average is $23.09.

Wall Street Analyst Weigh In

Several brokerages have issued reports on YSWY. Raymond James Financial initiated coverage on Yesway in a report on Monday, May 18th. They issued an “outperform” rating and a $30.00 price target on the stock. BMO Capital Markets began coverage on Yesway in a report on Monday, May 18th. They set an “outperform” rating and a $30.00 price objective for the company. Guggenheim reaffirmed a “buy” rating on shares of Yesway in a research report on Wednesday, June 3rd. The Goldman Sachs Group initiated coverage on Yesway in a report on Monday, May 18th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Yesway from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.12.

About Yesway

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.