Short Interest in European Wax Center, Inc. (NASDAQ:EWCZ) Expands By 55.3%

European Wax Center, Inc. (NASDAQ:EWCZ) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,492,647 shares, an increase of 55.3% from the January 29th total of 961,063 shares. Based on an average daily trading volume, of 2,130,881 shares, the short-interest ratio is currently 0.7 days. Approximately 2.9% of the shares of the stock are short sold. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,130,881 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus Advisers LLC bought a new position in European Wax Center in the second quarter valued at $30,000. M&T Bank Corp purchased a new position in shares of European Wax Center in the 4th quarter worth about $40,000. Ritholtz Wealth Management bought a new position in shares of European Wax Center during the 3rd quarter valued at about $41,000. R Squared Ltd purchased a new position in shares of European Wax Center during the 3rd quarter valued at about $47,000. Finally, Brooklyn Investment Group purchased a new position in shares of European Wax Center during the 3rd quarter valued at about $47,000. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Morgan Stanley set a $5.80 target price on shares of European Wax Center and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Truist Financial lowered shares of European Wax Center from a “buy” rating to a “hold” rating and reduced their price target for the company from $6.00 to $5.80 in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th. Finally, Robert W. Baird set a $5.80 price objective on European Wax Center in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.37.

European Wax Center Price Performance

EWCZ stock opened at $5.72 on Friday. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14. European Wax Center has a one year low of $2.72 and a one year high of $6.59. The stock has a market cap of $310.94 million, a PE ratio of 22.00, a P/E/G ratio of 0.53 and a beta of 1.46. The firm has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $4.10.

European Wax Center Company Profile

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.