WW International, Inc. (NASDAQ:WW) Short Interest Up 32.2% in January

WW International, Inc. (NASDAQ:WW) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,236,706 shares, an increase of 32.2% from the January 15th total of 935,279 shares. Based on an average daily trading volume, of 257,466 shares, the short-interest ratio is currently 4.8 days. Approximately 1.7% of the company’s stock are sold short. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 257,466 shares, the short-interest ratio is currently 4.8 days.

Institutional Trading of WW International

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new stake in WW International during the third quarter worth $101,000. Geode Capital Management LLC increased its position in shares of WW International by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock valued at $3,321,000 after purchasing an additional 4,251 shares during the last quarter. Claret Asset Management Corp bought a new stake in shares of WW International during the 3rd quarter worth $280,000. Tudor Investment Corp ET AL bought a new stake in shares of WW International during the 3rd quarter worth $528,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of WW International in the 3rd quarter worth about $623,000. 86.18% of the stock is owned by hedge funds and other institutional investors.

WW International Price Performance

WW opened at $23.22 on Monday. WW International has a fifty-two week low of $18.00 and a fifty-two week high of $46.95. The firm has a market capitalization of $231.90 million, a P/E ratio of -4.01 and a beta of 1.30. The company’s 50-day moving average is $25.71 and its 200 day moving average is $28.73.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WW. Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Zacks Research downgraded WW International from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, WW International currently has an average rating of “Reduce”.

About WW International

WW International, Inc (NASDAQ: WW) is a global wellness and weight management company that provides a range of subscription-based programs, digital tools and personalized coaching services. Originally founded in 1963 by Jean Nidetch as a small support group in New York City, the company grew into the well-known Weight Watchers brand before rebranding as WW in 2018 to reflect an expanded focus on overall health, fitness and nutrition. Over the years, WW has introduced innovations such as the SmartPoints® system, which assigns values to foods based on their nutritional composition, and the MyWW® personalized wellness plan, which tailors recommendations to individual lifestyles and goals.

WW’s offerings span digital and in-person channels.