Short Interest in GoPro, Inc. (NASDAQ:GPRO) Increases By 22.1%

Key Points

• Short interest increased 22.1% in April to 22,310,988 shares, equal to 16.7% of the stock and a days-to-cover of about 2.1 based on average daily volume.
• MarketBeat shows a consensus Sell rating with an average target of $0.75, and GoPro recently missed EPS and revenue estimates and issued negative Q1 2026 EPS guidance of -0.230 to -0.170.

GoPro, Inc. (NASDAQ:GPRO - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 22,310,988 shares, a growth of 22.1% from the March 31st total of 18,277,361 shares. Currently, 16.7% of the shares of the stock are short sold. Based on an average daily volume of 10,457,669 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of GoPro by 1,295,800.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 12,959 shares of the company's stock worth $27,000 after purchasing an additional 12,958 shares during the period. Jump Financial LLC acquired a new position in shares of GoPro in the 2nd quarter worth approximately $25,000. Captrust Financial Advisors lifted its position in shares of GoPro by 89.6% in the 2nd quarter. Captrust Financial Advisors now owns 33,041 shares of the company's stock worth $25,000 after purchasing an additional 15,618 shares during the period. R Squared Ltd lifted its position in shares of GoPro by 49.4% in the 1st quarter. R Squared Ltd now owns 97,067 shares of the company's stock worth $75,000 after purchasing an additional 32,113 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of GoPro by 27.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 162,535 shares of the company's stock worth $125,000 after purchasing an additional 34,961 shares during the period. Institutional investors and hedge funds own 70.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GPRO shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of GoPro in a report on Thursday, January 22nd. Wall Street Zen raised shares of GoPro from a "strong sell" rating to a "hold" rating in a report on Sunday, March 15th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, GoPro has a consensus rating of "Sell" and an average target price of $0.75.

GoPro Trading Down 2.0%

GPRO opened at $1.49 on Thursday. GoPro has a fifty-two week low of $0.54 and a fifty-two week high of $3.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.91 and a quick ratio of 0.63. The firm has a market capitalization of $244.60 million, a price-to-earnings ratio of -2.53 and a beta of 1.65. The company's 50 day moving average price is $0.90 and its two-hundred day moving average price is $1.32.

GoPro (NASDAQ:GPRO - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). GoPro had a negative return on equity of 72.66% and a negative net margin of 14.35%.The business had revenue of $201.67 million for the quarter, compared to the consensus estimate of $244.69 million. GoPro has set its Q1 2026 guidance at -0.230--0.170 EPS. As a group, research analysts predict that GoPro will post -0.04 earnings per share for the current year.

GoPro Company Profile

GoPro, Inc NASDAQ: GPRO is an American technology company specializing in the design and manufacture of compact, high-definition cameras and related accessories. Headquartered in San Mateo, California, GoPro's product lineup is centered on its flagship HERO series of action cameras, which combine rugged construction, waterproof housings and advanced imaging capabilities. In addition to the HERO line, the company offers the MAX camera for 360-degree video capture, along with an array of mounts, grips and protective cases to support use in extreme sports, travel and professional video production.

Since its founding in 2002 by Nicholas Woodman, who continues to serve as chief executive officer, GoPro has expanded beyond hardware into software and cloud-based services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.