WW International, Inc. (NASDAQ:WW) Short Interest Up 21.0% in January

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

Institutional Investors Weigh In On WW International

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

WW International Price Performance

WW opened at $20.35 on Tuesday. The firm has a 50 day simple moving average of $26.53 and a 200 day simple moving average of $29.81. WW International has a fifty-two week low of $19.87 and a fifty-two week high of $46.95. The company has a market cap of $203.24 million, a price-to-earnings ratio of -3.51 and a beta of 1.30.

WW International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.30). The business had revenue of $172.09 million for the quarter, compared to analysts’ expectations of $161.38 million. As a group, analysts expect that WW International will post -0.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WW. Wall Street Zen downgraded shares of WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, WW International presently 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.