Short Interest in WW International, Inc. (NASDAQ:WW) Declines By 25.0%

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 daily trading volume, of 7,980,000 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of WW International

Several hedge funds and other institutional investors have recently bought and sold shares of WW. Marshall Wace LLP raised its position in WW International by 159.9% in the 2nd quarter. Marshall Wace LLP now owns 260,400 shares of the company’s stock worth $305,000 after purchasing an additional 160,200 shares during the period. Geode Capital Management LLC grew its position in WW International by 14.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,014,475 shares of the company’s stock valued at $891,000 after acquiring an additional 130,180 shares during the last quarter. Empirical Capital Management LLC purchased a new stake in WW International in the first quarter worth $185,000. BNP Paribas Financial Markets boosted its stake in shares of WW International by 229.7% during the first quarter. BNP Paribas Financial Markets now owns 113,427 shares of the company’s stock valued at $210,000 after purchasing an additional 79,026 shares during the period. Finally, Prism Advisors Inc. grew its stake in WW International by 110.0% in the 3rd quarter. Prism Advisors Inc. now owns 42,000 shares of the company’s stock worth $37,000 after acquiring an additional 22,000 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WW has been the subject of a number of research analyst reports. Morgan Stanley lowered WW International from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $6.50 to $1.25 in a report on Friday, July 26th. StockNews.com raised shares of WW International from a “sell” rating to a “hold” rating in a report on Thursday. Guggenheim decreased their price objective on WW International from $12.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Barclays restated an “underweight” rating and set a $0.75 target price on shares of WW International in a research note on Thursday, October 10th. Finally, UBS Group lowered their price target on WW International from $2.10 to $1.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.50.

WW International Price Performance

Shares of NASDAQ WW opened at $0.88 on Friday. The stock has a market capitalization of $70.67 million, a P/E ratio of -0.15 and a beta of 1.69. WW International has a 1-year low of $0.67 and a 1-year high of $9.77. The business’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.20.

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.