
Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Grows By 50.0%
OneSpaWorld Holdings Limited (NASDAQ:OSW) experienced a significant increase in short interest, rising 50% to 2,220,000 shares as of March 15. The short-interest ratio is currently 2.4 days, with 2.2% of shares sold short. The stock price fell 6.4% to $16.47, with a market cap of $1.72 billion. The company recently announced a quarterly dividend of $0.04, yielding 0.97%. Institutional investors hold 95.98% of the stock, and analysts have set new price targets, with Stifel Nicolaus raising theirs to $25.00.
OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,220,000 shares, an increase of 50.0% from the February 28th total of 1,480,000 shares. Based on an average trading volume of 922,300 shares, the short-interest ratio is currently 2.4 days. Approximately 2.2% of the company's shares are short sold.
OneSpaWorld Stock Down 6.4 %
OSW stock traded down $1.12 during midday trading on Friday, hitting $16.47. The stock had a trading volume of 1,590,038 shares, compared to its average volume of 635,811. OneSpaWorld has a 52-week low of $11.98 and a 52-week high of $23.01. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 23.53 and a beta of 2.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The business has a 50-day moving average of $19.63 and a two-hundred day moving average of $18.78.
OneSpaWorld Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 12th. OneSpaWorld's dividend payout ratio is currently 22.86%.
Institutional Trading of OneSpaWorld
Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of OneSpaWorld in the 4th quarter worth $54,789,000. Loomis Sayles & Co. L P acquired a new stake in OneSpaWorld during the 4th quarter worth about $30,457,000. FMR LLC boosted its position in OneSpaWorld by 54.0% in the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company's stock worth $68,311,000 after purchasing an additional 1,451,283 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of OneSpaWorld by 205.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company's stock worth $24,992,000 after acquiring an additional 845,117 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of OneSpaWorld by 1,699.9% in the 4th quarter. Royal Bank of Canada now owns 844,479 shares of the company's stock valued at $16,806,000 after purchasing an additional 797,562 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Stifel Nicolaus raised their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Truist Financial raised their price target on OneSpaWorld from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd.
View Our Latest Research Report on OneSpaWorld
About OneSpaWorld
(Get Free Report)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.
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