Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc (NASDAQ:DLTH) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 302,700 shares, a decline of 7.0% from the November 15th total of 325,600 shares. Based on an average daily volume of 66,900 shares, the days-to-cover ratio is currently 4.5 days. Approximately 1.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com lowered Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird dropped their price target on Duluth from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Friday, December 6th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Duluth during the second quarter valued at approximately $38,000. Yarger Wealth Strategies LLC bought a new stake in shares of Duluth during the second quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Duluth during the second quarter valued at approximately $72,000. Squarepoint Ops LLC bought a new stake in shares of Duluth during the second quarter valued at approximately $138,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Duluth during the second quarter valued at approximately $226,000. 24.39% of the stock is owned by institutional investors.

Duluth Stock Performance

NASDAQ DLTH traded down $0.07 during trading on Monday, hitting $3.35. The company’s stock had a trading volume of 80,672 shares, compared to its average volume of 90,627. The company has a quick ratio of 0.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.71. The firm has a market cap of $106.56 million, a P/E ratio of -3.38 and a beta of 1.33. Duluth has a 52 week low of $3.09 and a 52 week high of $5.82.

About Duluth

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.