Short Interest in WW International, Inc. (NASDAQ:WW) Rises By 28.9%

WW International, Inc. (NASDAQ:WW) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,593,503 shares, a growth of 28.9% from the January 29th total of 1,236,706 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 328,331 shares, the short-interest ratio is currently 4.9 days. Based on an average daily trading volume, of 328,331 shares, the short-interest ratio is currently 4.9 days. Currently, 2.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

WW has been the topic of several research reports. Wall Street Zen lowered WW International from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of WW International in a research report on Friday, January 9th. Finally, Zacks Research lowered WW International from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

WW International Stock Up 5.9%

Shares of WW International stock opened at $23.07 on Thursday. WW International has a 12-month low of $18.00 and a 12-month high of $46.95. The company has a market capitalization of $230.40 million, a price-to-earnings ratio of -3.98 and a beta of 1.30. The firm’s 50-day moving average price is $24.54 and its two-hundred day moving average price is $27.36.

Institutional Trading of WW International

Several institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new position in WW International in the third quarter valued at about $101,000. Claret Asset Management Corp bought a new stake in shares of WW International during the 3rd quarter valued at approximately $280,000. Tudor Investment Corp ET AL acquired a new position in WW International during the 3rd quarter worth approximately $528,000. Ameriprise Financial Inc. bought a new position in WW International in the 3rd quarter valued at approximately $623,000. Finally, Quinn Opportunity Partners LLC bought a new position in WW International in the 4th quarter valued at approximately $1,010,000. 86.18% of the stock is currently owned by institutional investors.

WW International Company Profile

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.