Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Up 55.4% in March

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 943,919 shares, a growth of 55.4% from the March 15th total of 607,264 shares. Based on an average daily trading volume, of 315,751 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.5% of the company’s stock are short sold.

Institutional Trading of Sportsman’s Warehouse

Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its position in Sportsman’s Warehouse by 11.3% during the 4th quarter. Empowered Funds LLC now owns 192,358 shares of the company’s stock valued at $281,000 after buying an additional 19,465 shares in the last quarter. Bbfit Investments PTE Ltd. purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth about $395,000. Bridgeway Capital Management LLC grew its stake in shares of Sportsman’s Warehouse by 16.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 564,401 shares of the company’s stock worth $824,000 after acquiring an additional 78,365 shares during the last quarter. Union Square Park Capital Management LLC increased its holdings in shares of Sportsman’s Warehouse by 33.5% during the fourth quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock valued at $3,473,000 after acquiring an additional 596,658 shares in the last quarter. Finally, Archon Capital Management LLC raised its position in shares of Sportsman’s Warehouse by 51.6% in the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock valued at $2,437,000 after purchasing an additional 568,151 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

SPWH stock opened at $1.58 on Thursday. Sportsman’s Warehouse has a one year low of $1.08 and a one year high of $4.33. The firm has a market cap of $61.30 million, a price-to-earnings ratio of -1.22 and a beta of 0.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.10 and a current ratio of 1.36. The firm has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $1.75.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%.The firm had revenue of $334.86 million during the quarter, compared to analysts’ expectations of $334.89 million. On average, equities analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPWH has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Wall Street Zen downgraded shares of Sportsman’s Warehouse from a “sell” rating to a “strong sell” rating in a research report on Sunday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sportsman’s Warehouse has an average rating of “Hold” and an average target price of $2.94.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.