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

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

WW International Stock Performance

WW stock opened at $20.41 on Thursday. The stock has a market capitalization of $203.83 million, a PE ratio of -3.53 and a beta of 1.30. The company has a fifty day moving average of $26.25 and a 200-day moving average of $29.64. WW International has a one year low of $18.66 and a one year high of $46.95.

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 company had revenue of $172.09 million for the quarter, compared to analysts’ expectations of $161.38 million. Equities analysts forecast that WW International will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of WW International

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

Wall Street Analyst Weigh In

WW has been the subject of a number of recent research reports. 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 reaffirmed 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

About WW International

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.