Short Interest in WW International, Inc. (NASDAQ:WW) Decreases By 27.5%

WW International, Inc. (NASDAQ:WWGet Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 12,820,000 shares, a decrease of 27.5% from the January 15th total of 17,690,000 shares. Based on an average daily trading volume, of 5,000,000 shares, the days-to-cover ratio is presently 2.6 days.

Insider Activity at WW International

In related news, General Counsel Michael F. Colosi sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $7.22, for a total transaction of $144,400.00. Following the sale, the general counsel now directly owns 25,900 shares in the company, valued at approximately $186,998. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WW International

Several institutional investors and hedge funds have recently modified their holdings of WW. Counterpoint Mutual Funds LLC purchased a new position in WW International during the 3rd quarter valued at about $128,000. Raymond James Trust N.A. increased its stake in WW International by 15.2% during the 1st quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock valued at $155,000 after purchasing an additional 2,000 shares in the last quarter. Captrust Financial Advisors increased its stake in WW International by 49.9% during the 2nd quarter. Captrust Financial Advisors now owns 17,665 shares of the company’s stock valued at $119,000 after purchasing an additional 5,878 shares in the last quarter. Legato Capital Management LLC bought a new stake in WW International during the 2nd quarter valued at about $123,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in WW International during the 3rd quarter valued at about $84,000. 71.23% of the stock is owned by hedge funds and other institutional investors.

WW International Stock Up 9.4 %

Shares of WW opened at $5.02 on Tuesday. The stock has a market capitalization of $396.98 million, a P/E ratio of -5.28, a PEG ratio of 2.62 and a beta of 1.83. The firm has a fifty day simple moving average of $6.35 and a two-hundred day simple moving average of $8.38. WW International has a twelve month low of $3.46 and a twelve month high of $13.31.

Analyst Ratings Changes

WW has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of WW International in a report on Wednesday, December 20th. They issued a “buy” rating and a $14.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of WW International in a report on Thursday, February 1st. Finally, Barclays initiated coverage on shares of WW International in a report on Wednesday, January 3rd. They issued an “underweight” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.00.

View Our Latest Stock Report on WW International

WW International Company Profile

(Get Free Report)

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, including personal coaching and digital products; and allows members to inspire and support each other by sharing their experiences with other people on weight loss and weight management journeys.

Further Reading

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