European Wax Center, Inc. (NASDAQ:EWCZ) Short Interest Update

European Wax Center, Inc. (NASDAQ:EWCZ) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,492,647 shares, a growth of 55.3% from the January 29th total of 961,063 shares. Based on an average daily volume of 2,130,881 shares, the short-interest ratio is presently 0.7 days. Approximately 2.9% of the company’s stock are short sold. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 2,130,881 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Morgan Stanley set a $5.80 price objective on European Wax Center and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $5.80 target price on European Wax Center in a research report on Wednesday, February 11th. Truist Financial cut European Wax Center from a “buy” rating to a “hold” rating and lowered their target price for the stock from $6.00 to $5.80 in a research note on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.37.

European Wax Center Price Performance

NASDAQ EWCZ opened at $5.72 on Friday. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. The company has a market cap of $310.94 million, a PE ratio of 22.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.46. European Wax Center has a 52 week low of $2.72 and a 52 week high of $6.59. The firm’s 50-day simple moving average is $4.39 and its two-hundred day simple moving average is $4.10.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EWCZ. Virtus Advisers LLC bought a new stake in European Wax Center during the 2nd quarter valued at $30,000. M&T Bank Corp purchased a new position in shares of European Wax Center in the fourth quarter valued at $40,000. Ritholtz Wealth Management bought a new stake in shares of European Wax Center during the 3rd quarter valued at $41,000. R Squared Ltd purchased a new stake in European Wax Center during the 3rd quarter worth about $47,000. Finally, Brooklyn Investment Group purchased a new stake in European Wax Center during the 3rd quarter worth about $47,000. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

About European Wax Center

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.