Short Interest in WW International, Inc. (NASDAQ:WW) Rises By 20.4%

WW International, Inc. (NASDAQ:WW) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 15,790,000 shares, a growth of 20.4% from the September 30th total of 13,110,000 shares. Based on an average daily volume of 8,110,000 shares, the short-interest ratio is presently 1.9 days.

WW International Stock Down 5.4 %

Shares of WW opened at $1.06 on Wednesday. The firm has a market capitalization of $84.51 million, a PE ratio of -0.23 and a beta of 1.72. The firm has a 50-day moving average price of $0.99 and a 200 day moving average price of $1.26. WW International has a 52-week low of $0.67 and a 52-week high of $9.77.

WW International (NASDAQ:WW) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). The firm had revenue of $202.07 million for the quarter, compared to analyst estimates of $210.89 million. During the same period in the previous year, the business earned ($0.04) EPS. On average, equities analysts expect that WW International will post -0.12 EPS for the current year.

Insider Activity at WW International

In other news, CEO Sima Sistani purchased 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $0.75 per share, with a total value of $48,750.00. Following the transaction, the chief executive officer now owns 267,410 shares in the company, valued at approximately $200,557.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.12% of the stock is owned by corporate insiders.

Institutional Trading of WW International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prism Advisors Inc. grew its holdings in WW International by 110.0% during the third quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock worth $37,000 after acquiring an additional 22,000 shares during the period. SG Americas Securities LLC boosted its position in shares of WW International by 52.1% during the 1st quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock valued at $88,000 after purchasing an additional 16,244 shares in the last quarter. Empirical Capital Management LLC acquired a new position in shares of WW International in the 1st quarter worth approximately $185,000. BNP Paribas Financial Markets raised its holdings in shares of WW International by 229.7% in the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after purchasing an additional 79,026 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in WW International by 159.9% during the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after purchasing an additional 160,200 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WW shares. Barclays reiterated an “underweight” rating and set a $0.75 price target on shares of WW International in a research report on Thursday, October 10th. Guggenheim dropped their target price on WW International from $12.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. UBS Group reduced their price target on shares of WW International from $2.10 to $1.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Morgan Stanley lowered shares of WW International from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $6.50 to $1.25 in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.50.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.