WW International, Inc. (NASDAQ:WW) Sees Large Growth in Short Interest

WW International, Inc. (NASDAQ:WW) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 935,279 shares, an increase of 21.0% from the December 31st total of 773,006 shares. Based on an average daily volume of 479,316 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.3% of the shares of the company are short sold. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 479,316 shares, the days-to-cover ratio is currently 2.0 days.

WW International Price Performance

WW stock opened at $20.15 on Wednesday. WW International has a 12 month low of $18.66 and a 12 month high of $46.95. The firm has a market cap of $201.24 million, a PE ratio of -3.48 and a beta of 1.30. The firm has a 50 day simple moving average of $26.39 and a 200 day simple moving average of $29.70.

WW International (NASDAQ:WW) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.30). The business had revenue of $172.09 million for the quarter, compared to analysts’ expectations of $161.38 million. As a group, sell-side analysts expect that WW International will post -0.06 earnings per share for the current year.

Institutional Trading of WW International

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd purchased a new position in shares of WW International during the third quarter valued at $101,000. Claret Asset Management Corp acquired a new stake in WW International during the 3rd quarter worth about $280,000. Tudor Investment Corp ET AL purchased a new position in WW International during the 3rd quarter valued at about $528,000. Ameriprise Financial Inc. acquired a new position in shares of WW International in the 3rd quarter valued at about $623,000. Finally, Mount Lucas Management LP purchased a new stake in shares of WW International in the third quarter worth approximately $1,094,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WW shares. Wall Street Zen cut shares of WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

WW International Company Profile

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.