The Wet Seal Sees Significant Growth in Short Interest (WTSL)
The Wet Seal (NASDAQ:WTSL) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 14,095,890 shares, a growth of 26.5% from the April 15th total of 11,144,813 shares, AmericanBankingNews.com reports. Approximately 17.3% of the shares of the company are short sold. Based on an average daily volume of 1,453,294 shares, the days-to-cover ratio is presently 9.7 days.
A number of research firms have recently commented on WTSL. Analysts at Zacks reiterated a “neutral” rating on shares of The Wet Seal in a research note on Tuesday, April 29th. They now have a $1.25 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of The Wet Seal to $2.10 in a research note on Monday, March 24th. They now have a “sell” rating on the stock. Finally, analysts at B. Riley downgraded shares of The Wet Seal from a “neutral” rating to a “sell” rating in a research note on Monday, March 24th. They now have a $0.50 price target on the stock, down previously from $2.10. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.98.
The Wet Seal (NASDAQ:WTSL) opened at 1.09 on Wednesday. The Wet Seal has a one year low of $1.00 and a one year high of $5.20. The stock’s 50-day moving average is $1.15 and its 200-day moving average is $2.17. The company’s market cap is $92.3 million.
The Wet Seal (NASDAQ:WTSL) last released its earnings data on Thursday, March 20th. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.24) by $0.01. The company had revenue of $124.80 million for the quarter, compared to the consensus estimate of $134.74 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Analysts expect that The Wet Seal will post $-0.30 EPS for the current fiscal year.
The Wet Seal, Inc is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old.
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