Retail Value Inc (NYSE:RVI) Short Interest Update

Retail Value Inc (NYSE:RVI) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 305,600 shares, a decline of 9.0% from the July 31st total of 336,000 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 107,100 shares, the short-interest ratio is currently 2.9 days.

A number of research analysts have recently commented on RVI shares. Morgan Stanley lowered shares of Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 price target for the company. in a research report on Friday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Retail Value from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, August 22nd.

In other news, major shareholder Katharina Otto-Bernstein sold 28,600 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $37.44, for a total transaction of $1,070,784.00. Insiders have sold a total of 130,900 shares of company stock valued at $4,880,571 over the last 90 days. Company insiders own 0.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. grew its position in Retail Value by 2.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 20,716 shares of the company’s stock worth $646,000 after acquiring an additional 540 shares in the last quarter. Royal Bank of Canada grew its position in Retail Value by 218.7% in the second quarter. Royal Bank of Canada now owns 819 shares of the company’s stock worth $29,000 after acquiring an additional 562 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Retail Value by 27.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,266 shares of the company’s stock worth $114,000 after acquiring an additional 697 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Retail Value by 6.4% in the second quarter. Nisa Investment Advisors LLC now owns 12,347 shares of the company’s stock worth $430,000 after acquiring an additional 738 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Retail Value by 11.3% in the second quarter. State of Alaska Department of Revenue now owns 7,460 shares of the company’s stock worth $258,000 after acquiring an additional 760 shares in the last quarter. Institutional investors own 67.24% of the company’s stock.

NYSE:RVI traded up $0.61 during midday trading on Friday, hitting $37.74. The company had a trading volume of 102,200 shares, compared to its average volume of 89,188. Retail Value has a 52-week low of $24.50 and a 52-week high of $38.59. The stock’s fifty day moving average price is $37.26 and its 200-day moving average price is $34.28. The company has a market capitalization of $705.69 million, a PE ratio of 31.13 and a beta of 1.45. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 1.08.

Retail Value (NYSE:RVI) last announced its earnings results on Tuesday, August 6th. The company reported $0.72 earnings per share (EPS) for the quarter. Retail Value had a net margin of 8.64% and a return on equity of 3.30%. The company had revenue of $60.89 million during the quarter. As a group, research analysts forecast that Retail Value will post -1.09 earnings per share for the current year.

About Retail Value

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets.

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