Short Interest in WW International, Inc. (NASDAQ:WW) Decreases By 18.1%

WW International, Inc. (NASDAQ:WW) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 12,970,000 shares, a decrease of 18.1% from the May 31st total of 15,830,000 shares. Based on an average daily trading volume, of 3,400,000 shares, the days-to-cover ratio is presently 3.8 days.

WW International Price Performance

Shares of WW International stock opened at $1.17 on Friday. The company has a market capitalization of $92.75 million, a P/E ratio of -0.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.71. The business has a 50-day moving average of $1.63 and a two-hundred day moving average of $3.38. WW International has a 1 year low of $1.12 and a 1 year high of $13.31.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.37. The business had revenue of $206.55 million during the quarter, compared to analyst estimates of $203.34 million. On average, equities analysts anticipate that WW International will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On WW International

Several large investors have recently made changes to their positions in WW. Brevan Howard Capital Management LP raised its holdings in shares of WW International by 627.0% in the fourth quarter. Brevan Howard Capital Management LP now owns 292,500 shares of the company’s stock valued at $2,559,000 after purchasing an additional 252,267 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in WW International in the 4th quarter valued at $993,000. Empirical Capital Management LLC bought a new stake in WW International during the 1st quarter worth about $185,000. BNP Paribas Financial Markets boosted its stake in shares of WW International by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after buying an additional 79,026 shares during the last quarter. Finally, Barometer Capital Management Inc. grew its holdings in shares of WW International by 16.7% in the 4th quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company’s stock valued at $1,928,000 after acquiring an additional 31,600 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WW shares. UBS Group dropped their price target on WW International from $3.00 to $2.10 and set a “neutral” rating for the company in a report on Thursday, April 25th. StockNews.com cut WW International from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Guggenheim reissued a “buy” rating and set a $12.00 price objective on shares of WW International in a report on Monday, March 18th. Finally, DA Davidson lowered their price objective on shares of WW International from $12.50 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.09.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.