The stock is now trading down 14.15% at $3.52 as of 11:18 AM EDT. The net short interest, as on August 31,2015, stood at 5,291,774 shares and the stocks days to cover will be 27 by factoring in the average per day volume of 197,525 shares.

What: Shares of Mattress Firm Holding Corp. Zacks raised Mattress Firm Holding Corp from a “sell” rating to a “hold” rating in a report on Wednesday, May 27th. Bank of America started coverage on Mattress Firm Holding Corp in a research report on Tuesday, July 14th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, Barclays lowered shares of Mattress Firm Holding Corp to a “buy” rating and set a $74.00 price objective for the company.in a research note on Tuesday, June 9th. The company has a market cap of $2,123 million and the number of outstanding shares have been calculated to be 35,187,000 shares. Institutional Investors own 96.6% of Company shares.

The bedding retailer said Ken Murphy, who had been co-chief operating officer since the company’s 2014 acquisition of Sleep Train, is being promoted to president. In this transaction, 728 shares were sold at $58.69 per share.

Mattress Firm Holding Corp (NASDAQ:MFRM) opened at 60.34 on Friday.

The integration of the Sleep Train organization into Mattress Firm continues as the firm works to drive future growth. (NASDAQ:MFRM) stands at $72.29 according to 7 Analysts. The average 12 month target price among brokerages that have updated their coverage on the stock in the past year is $70.75. Mattress Firm Holding Corp.is up 2.88% in the last 3-month period.

Mattress Firm Holding Corp. suffered its worst stock decline in nearly three years after cutting its earnings forecast, dragging down stock shares of competitors. MFRM, through its family of brands, including Mattress Firm and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products from leading manufacturers, including Sealy, Tempur-Pedic, Serta, Simmons, Stearns & Foster, and Hampton & Rhodes. The Company-operated stores, its e-commerce Website operations and multi-channel sales operations consisting mainly of special occasions comprise the Business ‘s retail operations segment.