Waitr Holdings Inc. (NASDAQ:WTRH) Sees Significant Growth in Short Interest

Waitr Holdings Inc. (NASDAQ:WTRHGet Rating) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 7,640,000 shares, an increase of 21.5% from the March 31st total of 6,290,000 shares. Based on an average trading volume of 3,070,000 shares, the days-to-cover ratio is presently 2.5 days.

Separately, Benchmark reduced their price objective on shares of Waitr from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Monday, March 14th.

Shares of Waitr stock opened at $0.28 on Tuesday. The company has a market capitalization of $42.45 million, a price-to-earnings ratio of -5.51 and a beta of -1.46. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. Waitr has a 12-month low of $0.24 and a 12-month high of $2.51. The firm’s 50-day moving average price is $0.38 and its two-hundred day moving average price is $0.74.

Waitr (NASDAQ:WTRHGet Rating) last announced its quarterly earnings data on Friday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $38.65 million for the quarter. Waitr had a negative return on equity of 11.11% and a negative net margin of 2.87%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of Waitr by 1,401.6% in the 3rd quarter. Morgan Stanley now owns 12,120,560 shares of the company’s stock valued at $10,732,000 after purchasing an additional 11,313,365 shares in the last quarter. FMR LLC boosted its stake in shares of Waitr by 255.6% in the 1st quarter. FMR LLC now owns 1,669,436 shares of the company’s stock valued at $20,518,000 after purchasing an additional 1,199,936 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Waitr by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 1,066,247 shares of the company’s stock valued at $789,000 after purchasing an additional 84,394 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Waitr in the 4th quarter valued at approximately $326,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Waitr by 1,466.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 398,408 shares of the company’s stock valued at $353,000 after purchasing an additional 372,981 shares in the last quarter. Institutional investors own 13.89% of the company’s stock.

Waitr Company Profile (Get Rating)

Waitr Holdings Inc, together with its subsidiaries, operates an online ordering technology platform in the United States. Its Waitr, Bite Squad, and Delivery Dudes mobile applications provide delivery, carryout, dine-in options, connecting restaurants, drivers, and diners. As of December 31, 2021, the company had approximately 26,000 restaurants on the platforms.

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