Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Expands By 23.3%

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,480,000 shares, a growth of 23.3% from the December 15th total of 1,200,000 shares. Based on an average trading volume of 508,600 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OSW shares. Stifel Nicolaus upped their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial boosted their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Stock Up 0.5 %

Shares of OSW stock traded up $0.10 during trading hours on Friday, reaching $19.59. 483,024 shares of the company’s stock were exchanged, compared to its average volume of 436,012. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 39.98 and a beta of 2.10. OneSpaWorld has a fifty-two week low of $11.98 and a fifty-two week high of $20.57. The stock’s 50 day moving average is $19.47 and its 200-day moving average is $17.40.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.82%. OneSpaWorld’s payout ratio is 32.65%.

Insider Activity

In other news, CFO Stephen Lazarus sold 65,906 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $18.51, for a total transaction of $1,219,920.06. Following the transaction, the chief financial officer now directly owns 490,675 shares in the company, valued at approximately $9,082,394.25. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter Field Mclallen sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $20.40, for a total transaction of $367,200.00. Following the completion of the transaction, the director now directly owns 170,917 shares of the company’s stock, valued at $3,486,706.80. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,906 shares of company stock valued at $2,988,120. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds and other institutional investors have recently modified their holdings of OSW. Morse Asset Management Inc increased its position in shares of OneSpaWorld by 8.1% in the 3rd quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after acquiring an additional 1,050 shares during the period. Sheets Smith Wealth Management grew its stake in OneSpaWorld by 3.3% during the 4th quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company’s stock valued at $656,000 after purchasing an additional 1,050 shares during the last quarter. USA Financial Formulas purchased a new position in shares of OneSpaWorld in the fourth quarter worth about $36,000. Zacks Investment Management lifted its holdings in shares of OneSpaWorld by 13.3% during the third quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after purchasing an additional 1,881 shares during the period. Finally, Emerald Advisers LLC boosted its position in OneSpaWorld by 3.7% in the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock valued at $1,081,000 after buying an additional 2,310 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.