RTW Retailwinds Inc (NYSE:RTW) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,282,700 shares, a decrease of 24.1% from the June 30th total of 1,690,200 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average trading volume of 120,300 shares, the short-interest ratio is currently 10.7 days.
A number of institutional investors and hedge funds have recently made changes to their positions in RTW. Janney Montgomery Scott LLC bought a new position in RTW Retailwinds in the 1st quarter valued at about $31,000. SG Americas Securities LLC bought a new position in RTW Retailwinds in the 2nd quarter valued at about $74,000. Assenagon Asset Management S.A. bought a new position in RTW Retailwinds in the 1st quarter valued at about $80,000. US Bancorp DE grew its position in RTW Retailwinds by 126.1% in the 2nd quarter. US Bancorp DE now owns 62,901 shares of the company’s stock valued at $107,000 after buying an additional 35,085 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in RTW Retailwinds in the 4th quarter valued at about $110,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.
RTW traded down $0.14 on Wednesday, reaching $1.65. The company had a trading volume of 73,667 shares, compared to its average volume of 119,303. The firm has a fifty day moving average of $1.88. The stock has a market cap of $114.21 million, a P/E ratio of 11.00 and a beta of 1.22. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.09 and a quick ratio of 0.58. RTW Retailwinds has a one year low of $1.55 and a one year high of $5.50.
RTW Retailwinds (NYSE:RTW) last announced its earnings results on Wednesday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $200.96 million during the quarter, compared to analyst estimates of $202.32 million. RTW Retailwinds had a negative net margin of 0.13% and a positive return on equity of 4.05%. Sell-side analysts forecast that RTW Retailwinds will post 0.05 EPS for the current fiscal year.
Several equities analysts have recently commented on RTW shares. ValuEngine upgraded shares of RTW Retailwinds from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of RTW Retailwinds from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, TheStreet lowered shares of RTW Retailwinds from a “c” rating to a “d+” rating in a research report on Thursday, May 30th.
About RTW Retailwinds
RTW Retailwinds, Inc operates as an omni-channel women's fashion retailer in the United States. It offers a merchandise assortment, including wear-to-work, casual apparel and accessories comprising pants, dresses, jackets, knit tops, blouses, sweaters, denims, T-shirts, active wear, handbags, jewelry, and shoes under the New York & Company, NY&C, NY Style, Soho New York & Company Jeans, Lerner, Lerner New York, and Fashion to Figure brand names for women between the ages of 25 and 49.
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