Spark Networks SE (NYSEAMERICAN:LOV) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 16,000 shares, a decrease of 70.3% from the September 30th total of 53,800 shares. Based on an average daily trading volume, of 124,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Shares of NYSEAMERICAN:LOV opened at $5.65 on Thursday. Spark Networks has a 12 month low of $4.85 and a 12 month high of $17.64.
In related news, insider Fallscheer Shane 956,328 shares of the firm’s stock in a transaction on Tuesday, October 29th.
LOV has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Spark Networks from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Canaccord Genuity set a $19.00 price target on shares of Spark Networks and gave the company a “buy” rating in a report on Friday, August 30th. Finally, B. Riley reiterated a “buy” rating and set a $18.00 price target on shares of Spark Networks in a report on Tuesday, August 27th.
About Spark Networks
Spark Networks SE operates online dating sites and mobile applications. It focuses on catering professionals and highly educated singles with serious relationship intentions in North America and other international markets. The company operates its dating platforms under the EliteSingles, SilverSingles, JDate, Christian Mingle, eDarling, JSwipe, and Attractive World brands.
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