Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Drops By 61.1%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 607,264 shares, a decline of 61.1% from the February 26th total of 1,559,547 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 610,653 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

SPWH has been the subject of a number of research reports. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Robert W. Baird decreased their price target on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Finally, Roth Mkm lowered their price objective on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2.95.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC bought a new position in shares of Sportsman’s Warehouse in the second quarter valued at $1,147,000. Union Square Park Capital Management LLC increased its holdings in Sportsman’s Warehouse by 33.5% during the fourth quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock worth $3,473,000 after buying an additional 596,658 shares during the last quarter. Gabelli Funds LLC raised its position in Sportsman’s Warehouse by 15.3% during the fourth quarter. Gabelli Funds LLC now owns 1,180,651 shares of the company’s stock worth $1,724,000 after acquiring an additional 156,978 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Sportsman’s Warehouse by 28.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 701,500 shares of the company’s stock valued at $1,024,000 after acquiring an additional 155,500 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in Sportsman’s Warehouse in the fourth quarter valued at $819,000. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Down 1.1%

Shares of NASDAQ:SPWH traded down $0.02 during midday trading on Thursday, reaching $1.37. The company had a trading volume of 34,820 shares, compared to its average volume of 383,203. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.93. The stock has a market cap of $52.53 million, a PE ratio of -1.41 and a beta of 0.60. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.33.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.