Short Interest in WW International, Inc. (NASDAQ:WW) Drops By 25.0%

WW International, Inc. (NASDAQ:WW) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 11,840,000 shares, a drop of 25.0% from the October 15th total of 15,790,000 shares. Based on an average daily volume of 7,980,000 shares, the days-to-cover ratio is presently 1.5 days.

WW International Price Performance

Shares of WW International stock opened at $0.88 on Friday. The company’s fifty day moving average price is $1.03 and its two-hundred day moving average price is $1.21. The firm has a market capitalization of $70.67 million, a PE ratio of -0.15 and a beta of 1.69. WW International has a 52-week low of $0.67 and a 52-week high of $9.77.

Institutional Investors Weigh In On WW International

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in WW International by 52.1% during the first quarter. SG Americas Securities LLC now owns 47,409 shares of the company’s stock worth $88,000 after buying an additional 16,244 shares during the last quarter. Prism Advisors Inc. grew its position in WW International by 110.0% during the 3rd 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 last quarter. BNP Paribas Financial Markets grew its position in WW International by 229.7% during the 1st quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after acquiring an additional 79,026 shares during the last quarter. Empirical Capital Management LLC bought a new position in WW International in the 1st quarter valued at $185,000. Finally, Marshall Wace LLP boosted its stake in WW International by 159.9% in the second quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock worth $305,000 after purchasing an additional 160,200 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Guggenheim cut their price objective on WW International from $12.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. UBS Group reduced their price objective on WW International from $2.10 to $1.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Morgan Stanley lowered shares of WW International from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $6.50 to $1.25 in a research report on Friday, July 26th. Barclays reissued an “underweight” rating and issued a $0.75 price target on shares of WW International in a report on Thursday, October 10th. Finally, StockNews.com upgraded shares of WW International from a “sell” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.50.

About WW International

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.