Weight Watchers International, Inc. (NASDAQ:WW) Short Interest Down 10.0% in June
Weight Watchers International, Inc. (NASDAQ:WW) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 9,120,300 shares, a drop of 10.0% from the May 30th total of 10,128,400 shares. Based on an average daily trading volume, of 3,020,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 15.0% of the company’s stock are short sold.
WW has been the subject of several recent analyst reports. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. B. Riley raised their target price on shares of Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. set a €33.40 ($38.84) target price on shares of Siemens Healthineers and gave the company a “neutral” rating in a research note on Thursday. Finally, Bank of America restated a “buy” rating and issued a $143.00 target price on shares of Xilinx in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.00.
NASDAQ:WW opened at $24.50 on Friday. Weight Watchers International has a 12 month low of $16.71 and a 12 month high of $96.47. The business’s fifty day moving average is $19.53. The firm has a market capitalization of $1.64 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.28 and a beta of 2.34.
In related news, General Counsel Michael F. Colosi sold 16,993 shares of Weight Watchers International stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $17.03, for a total transaction of $289,390.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael F. Colosi sold 16,898 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $22.41, for a total transaction of $378,684.18. The disclosure for this sale can be found here. Company insiders own 12.03% of the company’s stock.
Weight Watchers International Company Profile
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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