WW International, Inc. (NASDAQ:WW) Short Interest Down 25.0% in October

WW International, Inc. (NASDAQ:WW) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 11,840,000 shares, a decrease of 25.0% from the October 15th total of 15,790,000 shares. Based on an average trading volume of 7,980,000 shares, the days-to-cover ratio is presently 1.5 days.

WW International Trading Down 6.2 %

Shares of NASDAQ:WW opened at $0.88 on Friday. The stock’s fifty day simple moving average is $1.03 and its two-hundred day simple moving average is $1.20. The stock has a market cap of $70.67 million, a PE ratio of -0.15 and a beta of 1.69. WW International has a 1-year low of $0.67 and a 1-year high of $9.77.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WW shares. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a report on Thursday. Barclays restated an “underweight” rating and issued a $0.75 target price on shares of WW International in a research report on Thursday, October 10th. Morgan Stanley lowered WW International from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $6.50 to $1.25 in a research note on Friday, July 26th. Guggenheim lowered their target price on WW International from $12.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, UBS Group lowered their price target on shares of WW International from $2.10 to $1.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.50.

Institutional Investors Weigh In On WW International

Several institutional investors and hedge funds have recently added to or reduced their stakes in WW. Geode Capital Management LLC increased its stake in shares of WW International by 14.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,014,475 shares of the company’s stock worth $891,000 after purchasing an additional 130,180 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of WW International by 159.9% during the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after buying an additional 160,200 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after acquiring an additional 79,026 shares in the last quarter. Empirical Capital Management LLC purchased a new position in WW International in the 1st quarter worth $185,000. Finally, SG Americas Securities LLC lifted its stake in shares of WW International by 52.1% in the 1st quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after acquiring an additional 16,244 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

About WW International

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.