Waitr Holdings Inc (NASDAQ:WTRH) Sees Large Decline in Short Interest

Waitr Holdings Inc (NASDAQ:WTRH) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,500,000 shares, a decrease of 12.6% from the December 15th total of 9,720,000 shares. Approximately 47.5% of the company’s stock are short sold. Based on an average daily volume of 2,620,000 shares, the days-to-cover ratio is currently 3.2 days.

WTRH stock opened at $0.35 on Wednesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.72 and a current ratio of 1.72. The business has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average of $2.06. The company has a market capitalization of $30.16 million and a P/E ratio of -0.16. Waitr has a 52-week low of $0.21 and a 52-week high of $14.77.

Waitr (NASDAQ:WTRH) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.14). Waitr had a negative return on equity of 48.18% and a negative net margin of 168.78%. The company had revenue of $49.20 million during the quarter, compared to analysts’ expectations of $59.54 million. As a group, sell-side analysts forecast that Waitr will post -1.42 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Balyasny Asset Management LLC bought a new stake in Waitr during the second quarter worth $85,000. Hancock Whitney Corp purchased a new stake in Waitr in the 2nd quarter valued at $100,000. Marshall Wace North America L.P. raised its position in Waitr by 2,612.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 20,775 shares of the company’s stock valued at $131,000 after buying an additional 20,009 shares during the last quarter. First Dallas Securities Inc. bought a new position in Waitr during the 2nd quarter valued at $131,000. Finally, Parametric Portfolio Associates LLC bought a new position in Waitr during the 2nd quarter valued at $133,000. 52.95% of the stock is currently owned by institutional investors.

WTRH has been the topic of a number of recent research reports. Benchmark set a $5.00 target price on Waitr and gave the stock a “buy” rating in a report on Friday, October 18th. Craig Hallum lowered shares of Waitr from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Zacks Investment Research upgraded shares of Waitr from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank of Canada lowered shares of Waitr from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.88.

Waitr Company Profile

Waitr Holdings Inc provides online food ordering and delivery services in the Southeastern United States. Its Waitr Platform and Bite Squad Platform facilitates ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers. As of December 31, 2018, the company had approximately 8,500 restaurant partners in 250 cities.

Further Reading: Risk Tolerance

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