Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Drops By 16.8%

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 1,290,000 shares, a drop of 16.8% from the January 15th total of 1,550,000 shares. Based on an average daily volume of 538,600 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

OSW has been the subject of several recent research reports. Truist Financial increased their price target on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Stifel Nicolaus increased their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th.

Insider Transactions at OneSpaWorld

In other news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the completion of the transaction, the director now owns 170,917 shares in the company, valued at approximately $3,486,706.80. This represents a 9.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On OneSpaWorld

Large investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. boosted its stake in OneSpaWorld by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company's stock worth $209,000 after purchasing an additional 668 shares in the last quarter. Signaturefd LLC raised its holdings in shares of OneSpaWorld by 139.9% in the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company's stock valued at $26,000 after buying an additional 768 shares during the last quarter. Morse Asset Management Inc lifted its position in OneSpaWorld by 8.1% during the 3rd quarter. Morse Asset Management Inc now owns 14,050 shares of the company's stock worth $232,000 after buying an additional 1,050 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in OneSpaWorld by 3.3% during the 4th quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company's stock worth $656,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in OneSpaWorld in the 4th quarter valued at about $26,000. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Price Performance

OneSpaWorld stock traded up $0.14 during trading hours on Wednesday, hitting $22.98. 2,526,553 shares of the stock were exchanged, compared to its average volume of 617,846. The stock has a market capitalization of $2.39 billion, a P/E ratio of 46.90 and a beta of 2.10. The business's 50-day moving average is $20.48 and its two-hundred day moving average is $18.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. OneSpaWorld has a 12 month low of $11.98 and a 12 month high of $23.01.

OneSpaWorld Company Profile

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.