European Wax Center, Inc. (NASDAQ:EWCZ) Sees Large Decline in Short Interest

European Wax Center, Inc. (NASDAQ:EWCZ) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 886,616 shares, a decrease of 16.9% from the December 15th total of 1,066,491 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 283,982 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 283,982 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. bought a new stake in European Wax Center during the second quarter worth approximately $5,524,000. CenterBook Partners LP lifted its position in shares of European Wax Center by 14.1% during the 2nd quarter. CenterBook Partners LP now owns 814,171 shares of the company’s stock valued at $4,584,000 after acquiring an additional 100,455 shares during the last quarter. MIG Capital LLC lifted its position in shares of European Wax Center by 65.8% during the 2nd quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock valued at $11,582,000 after acquiring an additional 816,657 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of European Wax Center during the 2nd quarter worth $376,000. Finally, Voya Investment Management LLC grew its holdings in shares of European Wax Center by 43.4% in the 1st quarter. Voya Investment Management LLC now owns 57,538 shares of the company’s stock worth $227,000 after acquiring an additional 17,417 shares during the last quarter. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Stock Performance

Shares of EWCZ stock opened at $3.83 on Wednesday. European Wax Center has a 12-month low of $2.72 and a 12-month high of $7.60. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14. The firm has a market capitalization of $208.20 million, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.38 and a beta of 1.45. The business has a 50 day simple moving average of $3.85 and a 200 day simple moving average of $4.09.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price objective on shares of European Wax Center in a research report on Tuesday, January 13th. Weiss Ratings started coverage on European Wax Center in a research report on Saturday, November 1st. They issued a “sell (d+)” rating on the stock. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $3.75 target price on shares of European Wax Center in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, European Wax Center currently has a consensus rating of “Reduce” and a consensus target price of $6.88.

About European Wax Center

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.