Purple Innovation, Inc. ( NASDAQ:PRPL – Free Report ) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 6,890,000 shares, a growth of 27.6% from the May 31st total of 5,400,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is currently 6.1 days. Analyst Upgrades and Downgrades A number of equities analysts recently commented on PRPL shares. UBS Group lowered their target price on shares of Purple Innovation from $6.

https://www.dailypolitical.com/2023/07/04/purple-innovation-inc-nasdaqprpl-short-interest-update.html

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