Short Interest in WW International, Inc. (NASDAQ:WW) Grows By 32.2%

WW International, Inc. (NASDAQ:WW) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,236,706 shares, a growth of 32.2% from the January 15th total of 935,279 shares. Based on an average daily volume of 257,466 shares, the days-to-cover ratio is currently 4.8 days. Approximately 1.7% of the company’s stock are short sold. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 257,466 shares, the days-to-cover ratio is currently 4.8 days.

Analysts Set New Price Targets

Several brokerages have commented on WW. Zacks Research cut shares of WW International from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Finally, Wall Street Zen cut WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

WW International Stock Up 1.0%

Shares of WW stock opened at $23.22 on Monday. The company has a market cap of $231.90 million, a price-to-earnings ratio of -4.01 and a beta of 1.30. WW International has a 52 week low of $18.00 and a 52 week high of $46.95. The firm has a 50 day moving average of $25.71 and a 200-day moving average of $28.73.

Institutional Trading of WW International

Several large investors have recently made changes to their positions in the company. Covestor Ltd bought a new stake in WW International in the 3rd quarter valued at about $101,000. Claret Asset Management Corp acquired a new stake in WW International in the third quarter valued at approximately $280,000. Tudor Investment Corp ET AL bought a new stake in shares of WW International during the third quarter valued at approximately $528,000. Ameriprise Financial Inc. acquired a new position in shares of WW International during the third quarter worth approximately $623,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of WW International during the fourth quarter worth approximately $1,010,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

WW International Company Profile

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.