OneSpaWorld Holdings Limited (NASDAQ:OSW) Short Interest Update

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,290,000 shares, a drop of 16.8% from the January 15th total of 1,550,000 shares. Based on an average daily trading volume, of 538,600 shares, the short-interest ratio is presently 2.4 days.

Insider Transactions at OneSpaWorld

In other news, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the completion of the sale, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This trade represents a 9.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC boosted its position in OneSpaWorld by 53.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock valued at $10,166,000 after buying an additional 214,557 shares during the period. State Street Corp lifted its position in shares of OneSpaWorld by 3.0% during the 3rd quarter. State Street Corp now owns 2,148,522 shares of the company’s stock worth $35,472,000 after purchasing an additional 61,568 shares during the last quarter. Royce & Associates LP acquired a new position in shares of OneSpaWorld during the third quarter worth $2,295,000. Geode Capital Management LLC increased its holdings in OneSpaWorld by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock valued at $39,869,000 after buying an additional 141,578 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in OneSpaWorld by 55.6% in the third quarter. Victory Capital Management Inc. now owns 92,005 shares of the company’s stock valued at $1,519,000 after buying an additional 32,888 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

Shares of OSW stock opened at $22.50 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. OneSpaWorld has a 52 week low of $11.98 and a 52 week high of $22.61. The stock has a market capitalization of $2.34 billion, a PE ratio of 45.92 and a beta of 2.10. The firm has a 50 day moving average of $20.29 and a two-hundred day moving average of $18.14.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Truist Financial lifted their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.