Noodles & Company (NASDAQ:NDLS) Short Interest Down 81.5% in February

Noodles & Company (NASDAQ:NDLS) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 318,969 shares, a decrease of 81.5% from the February 12th total of 1,721,812 shares. Based on an average trading volume of 78,799 shares, the days-to-cover ratio is currently 4.0 days. Approximately 5.6% of the shares of the stock are short sold. Approximately 5.6% of the shares of the stock are short sold. Based on an average trading volume of 78,799 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Noodles & Company in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Noodles & Company to a “sell” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Noodles & Company has an average rating of “Reduce”.

Noodles & Company Stock Up 0.3%

NASDAQ NDLS traded up $0.02 during trading hours on Thursday, hitting $6.04. The company’s stock had a trading volume of 18,849 shares, compared to its average volume of 50,232. Noodles & Company has a twelve month low of $3.57 and a twelve month high of $10.00. The firm has a market capitalization of $35.33 million, a P/E ratio of -0.76 and a beta of 1.50. The stock has a fifty day moving average of $5.58 and a 200 day moving average of $5.57.

Institutional Investors Weigh In On Noodles & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NDLS. Virtu Financial LLC acquired a new position in shares of Noodles & Company in the 4th quarter valued at approximately $28,000. Assenagon Asset Management S.A. lifted its stake in Noodles & Company by 117.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 44,630 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 24,065 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Noodles & Company by 34,246.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 49,657 shares during the period. Jane Street Group LLC acquired a new position in shares of Noodles & Company in the first quarter valued at approximately $41,000. Finally, Renaissance Technologies LLC increased its position in shares of Noodles & Company by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 24,600 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Noodles & Company Company Profile

Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels.

The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market.