Short Interest in European Wax Center, Inc. (NASDAQ:EWCZ) Decreases By 16.9%

European Wax Center, Inc. (NASDAQ:EWCZ) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 886,616 shares, a decline of 16.9% from the December 15th total of 1,066,491 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 283,982 shares, the short-interest ratio is currently 3.1 days. Based on an average trading volume of 283,982 shares, the short-interest ratio is currently 3.1 days. Approximately 1.7% of the company’s shares are short sold.

European Wax Center Trading Down 6.9%

Shares of EWCZ stock opened at $4.04 on Monday. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $7.60. The firm’s 50 day moving average price is $3.84 and its two-hundred day moving average price is $4.12. The stock has a market cap of $219.61 million, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.41 and a beta of 1.45.

Analyst Upgrades and Downgrades

EWCZ has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “underweight” rating and set a $3.75 price target on shares of European Wax Center in a research note on Thursday. Wall Street Zen raised European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $5.00 price objective on shares of European Wax Center in a research note on Tuesday, January 13th. Finally, Weiss Ratings assumed coverage on shares of European Wax Center in a research report on Saturday, November 1st. They issued a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, European Wax Center presently has a consensus rating of “Reduce” and an average price target of $6.88.

Institutional Trading of European Wax Center

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of European Wax Center by 294.3% in the first quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock worth $881,000 after buying an additional 166,532 shares during the period. Goldman Sachs Group Inc. lifted its position in European Wax Center by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock worth $1,995,000 after acquiring an additional 168,900 shares in the last quarter. Voya Investment Management LLC lifted its position in European Wax Center by 43.4% during the 1st quarter. Voya Investment Management LLC now owns 57,538 shares of the company’s stock worth $227,000 after acquiring an additional 17,417 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in European Wax Center in the 2nd quarter worth approximately $68,000. Finally, Janney Montgomery Scott LLC grew its position in European Wax Center by 8.2% in the second quarter. Janney Montgomery Scott LLC now owns 91,284 shares of the company’s stock valued at $514,000 after acquiring an additional 6,887 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Company Profile

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.