Soho House & Co Inc. (NYSE:SHCO – Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,990,000 shares, an increase of 40.1% from the February 28th total of 1,420,000 shares. Currently, 4.6% of the company’s shares are sold short. Based on an average daily volume of 657,800 shares, the short-interest ratio is presently 3.0 days.
Hedge Funds Weigh In On Soho House & Co Inc.
A number of hedge funds and other institutional investors have recently bought and sold shares of SHCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Soho House & Co Inc. by 53.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company’s stock valued at $1,083,000 after purchasing an additional 50,723 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in Soho House & Co Inc. in the fourth quarter valued at about $790,000. BNP Paribas Financial Markets bought a new stake in Soho House & Co Inc. in the fourth quarter valued at about $182,000. Algert Global LLC lifted its stake in Soho House & Co Inc. by 2.7% in the fourth quarter. Algert Global LLC now owns 122,811 shares of the company’s stock valued at $915,000 after buying an additional 3,202 shares during the period. Finally, Third Point LLC bought a new position in Soho House & Co Inc. during the fourth quarter worth about $17,523,000. 62.35% of the stock is owned by institutional investors.
Soho House & Co Inc. Price Performance
Shares of NYSE SHCO traded down $0.03 during mid-day trading on Monday, hitting $6.22. The company’s stock had a trading volume of 332,980 shares, compared to its average volume of 298,954. Soho House & Co Inc. has a one year low of $4.43 and a one year high of $8.47. The company’s fifty day simple moving average is $7.16 and its 200-day simple moving average is $6.25. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -8.88 and a beta of 0.55.
About Soho House & Co Inc.
Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.
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