WW International, Inc. (NASDAQ:WW) Sees Significant Drop in Short Interest

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

WW International Price Performance

Shares of WW International stock opened at $0.94 on Friday. The business has a 50-day simple moving average of $1.02 and a 200-day simple moving average of $1.21. WW International has a one year low of $0.67 and a one year high of $9.77.

Institutional Investors Weigh In On WW International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted 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 purchasing an additional 16,244 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock worth $210,000 after purchasing an additional 79,026 shares in the last quarter. Prism Advisors Inc. lifted its position in shares of 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 buying an additional 22,000 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of WW International by 159.9% in the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock valued at $305,000 after buying an additional 160,200 shares in the last quarter. Finally, Empirical Capital Management LLC acquired a new position in shares of WW International in the 1st quarter valued at $185,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WW. UBS Group lowered their price target on WW International from $2.10 to $1.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a research note on Thursday. Guggenheim dropped their price target on shares of WW International from $12.00 to $6.00 and set a “buy” 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 decreased their price objective for the stock from $6.50 to $1.25 in a report on Friday, July 26th. Finally, Barclays reiterated an “underweight” rating and issued a $0.75 target price on shares of WW International in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, WW International has an average rating of “Hold” and an average price target of $4.50.

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.