WW International, Inc. (NASDAQ:WW) Short Interest Up 32.2% in January

WW International, Inc. (NASDAQ:WW) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,236,706 shares, a growth of 32.2% from the January 15th total of 935,279 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 257,466 shares, the days-to-cover ratio is presently 4.8 days. Based on an average trading volume of 257,466 shares, the days-to-cover ratio is presently 4.8 days. Currently, 1.7% of the company’s shares are short sold.

Analyst Ratings Changes

WW has been the subject of several recent research reports. Wall Street Zen downgraded WW International from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WW International in a report on Friday, January 9th. Finally, Zacks Research lowered shares of WW International from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Trading of WW International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Senior Secured Management Inc. ADV bought a new position in shares of WW International during the fourth quarter worth $4,989,000. Cooper Creek Partners Management LLC purchased a new stake in WW International in the 3rd quarter worth $3,336,000. Marshall Wace LLP bought a new position in shares of WW International during the 4th quarter valued at about $1,108,000. Quinn Opportunity Partners LLC purchased a new position in shares of WW International during the fourth quarter valued at about $1,010,000. Finally, Geode Capital Management LLC grew its position in shares of WW International by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 113,610 shares of the company’s stock valued at $3,321,000 after purchasing an additional 4,251 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

WW International Stock Performance

WW opened at $22.06 on Wednesday. The stock has a market cap of $220.31 million, a price-to-earnings ratio of -3.81 and a beta of 1.30. The firm’s fifty day moving average is $25.63 and its 200 day moving average is $28.45. WW International has a fifty-two week low of $18.00 and a fifty-two week high of $46.95.

About WW International

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.