Short Interest in WW International, Inc. (NASDAQ:WW) Increases By 23.6%

WW International, Inc. (NASDAQ:WW) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 17,560,000 shares, an increase of 23.6% from the February 13th total of 14,210,000 shares. Based on an average daily trading volume, of 3,500,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 23.9% of the shares of the company are short sold.

WW International Stock Down 9.3 %

Shares of WW stock opened at $0.58 on Thursday. The firm has a market cap of $46.51 million, a P/E ratio of -0.10 and a beta of 1.83. The company has a 50 day moving average of $0.87 and a 200-day moving average of $1.04. WW International has a 12-month low of $0.38 and a 12-month high of $2.40.

WW International (NASDAQ:WW) last released its earnings results on Thursday, February 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.31. The firm had revenue of $184.41 million during the quarter, compared to analysts’ expectations of $173.23 million. During the same period in the prior year, the business earned ($1.11) earnings per share. As a group, equities analysts expect that WW International will post -0.06 EPS for the current year.

Hedge Funds Weigh In On WW International

A hedge fund recently raised its stake in WW International stock. Geode Capital Management LLC lifted its stake in WW International, Inc. (NASDAQ:WW) by 14.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,475 shares of the company’s stock after acquiring an additional 130,180 shares during the period. Geode Capital Management LLC owned approximately 1.27% of WW International worth $891,000 at the end of the most recent reporting period. 86.18% of the stock is owned by hedge funds and other institutional investors.

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.