Short Interest in Weight Watchers International, Inc. (NASDAQ:WW) Decreases By 5.5%

Weight Watchers International, Inc. (NASDAQ:WW) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 10,128,400 shares, a decline of 5.5% from the May 15th total of 10,714,000 shares. Based on an average trading volume of 3,090,000 shares, the short-interest ratio is currently 3.3 days. Approximately 16.6% of the shares of the company are sold short.

WW stock traded down $0.42 during trading hours on Friday, reaching $24.78. 3,088,231 shares of the stock were exchanged, compared to its average volume of 2,418,573. The firm’s 50-day simple moving average is $20.36. The company has a market cap of $1.66 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 1.30 and a beta of 2.34. Weight Watchers International has a 12 month low of $16.71 and a 12 month high of $96.47.

Weight Watchers International (NASDAQ:WW) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The company had revenue of $363.00 million during the quarter, compared to analysts’ expectations of $365.91 million. Weight Watchers International had a negative return on equity of 20.48% and a net margin of 11.84%. Weight Watchers International’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, equities research analysts predict that Weight Watchers International will post 1.53 earnings per share for the current year.

In other news, General Counsel Michael F. Colosi sold 16,993 shares of the business’s stock in a transaction on Friday, May 31st. The stock was 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 is available through the SEC website. Also, General Counsel Michael F. Colosi sold 16,898 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $22.41, for a total value of $378,684.18. The disclosure for this sale can be found here. 12.03% of the stock is owned by insiders.

A number of research analysts have commented on WW shares. B. Riley boosted their target price on 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) price target on Siemens Healthineers and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Bank of America reaffirmed a “buy” rating and issued a $143.00 price target on shares of Xilinx in a research report on Friday, May 3rd. DA Davidson raised Weight Watchers International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $24.50 to $32.00 in a research report on Friday. Finally, Zacks Investment Research cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.80.

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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