Waldencast plc (NASDAQ:WALD - Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 710,500 shares, an increase of 20.4% from the September 30th total of 590,300 shares. Based on an average daily trading volume, of 210,500 shares, the days-to-cover ratio is presently 3.4 days. Currently, 3.1% of the company's stock are short sold.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in shares of Waldencast during the 2nd quarter worth approximately $37,000. Bleakley Financial Group LLC boosted its stake in Waldencast by 75.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 26,297 shares of the company's stock valued at $96,000 after purchasing an additional 11,288 shares during the period. Catalina Capital Group LLC bought a new stake in Waldencast in the 1st quarter valued at $73,000. Norden Group LLC bought a new stake in Waldencast in the 1st quarter valued at $92,000. Finally, McAdam LLC bought a new stake in Waldencast in the 3rd quarter valued at $62,000. 41.97% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently issued reports on WALD. Canaccord Genuity Group began coverage on Waldencast in a research report on Friday. They issued a "buy" rating and a $5.00 target price on the stock. Canaccord Genuity Group assumed coverage on Waldencast in a research report on Friday. They set a "buy" rating and a $5.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $6.00 price target on shares of Waldencast in a research report on Wednesday, October 9th. Finally, DA Davidson boosted their price target on Waldencast from $6.50 to $7.25 and gave the stock a "buy" rating in a research report on Wednesday, September 4th.
Get Our Latest Stock Report on WALD
Waldencast Stock Up 10.3 %
Shares of WALD stock traded up $0.36 during trading on Monday, reaching $3.85. 75,125 shares of the company's stock were exchanged, compared to its average volume of 135,983. The company has a quick ratio of 0.78, a current ratio of 1.47 and a debt-to-equity ratio of 0.21. Waldencast has a twelve month low of $2.40 and a twelve month high of $12.00. The firm's fifty day moving average price is $3.54 and its 200-day moving average price is $3.89.
Waldencast Company Profile
(
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Waldencast plc operates in the beauty and wellness business. The company engages in developing, acquiring, accelerating, and scaling various brands. It provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.
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