WW International, Inc. (NASDAQ:WW) Short Interest Up 23.6% in February

WW International, Inc. (NASDAQ:WW) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 17,560,000 shares, a growth of 23.6% from the February 13th total of 14,210,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 23.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On WW International

A hedge fund recently raised its stake in WW International stock. Geode Capital Management LLC increased its holdings in shares of WW International, Inc. (NASDAQ:WW) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,014,475 shares of the company’s stock after buying an additional 130,180 shares during the quarter. Geode Capital Management LLC owned about 1.27% of WW International worth $891,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 86.18% of the company’s stock.

WW International Stock Up 5.2 %

Shares of NASDAQ:WW opened at $0.53 on Tuesday. WW International has a 52-week low of $0.38 and a 52-week high of $2.73. The stock’s fifty day simple moving average is $0.91 and its 200-day simple moving average is $1.04. The company has a market capitalization of $42.84 million, a P/E ratio of -0.09 and a beta of 1.83.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.31. The company had revenue of $184.41 million during the quarter, compared to analysts’ expectations of $173.23 million. During the same quarter in the prior year, the company earned ($1.11) earnings per share. On average, sell-side analysts anticipate that WW International will post -0.06 earnings per share for the current year.

About WW International

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.