Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Rises By 67.6%

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 3,720,000 shares, an increase of 67.6% from the March 15th total of 2,220,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 3.4 days.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $16.94 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 24.20 and a beta of 1.71. 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 52-week low of $12.11 and a 52-week high of $23.01. The company has a 50-day simple moving average of $18.07 and a 200 day simple moving average of $18.77.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 annualized dividend and a yield of 0.94%. OneSpaWorld’s payout ratio is 22.86%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their target price on OneSpaWorld from $25.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, April 8th.

Hedge Funds Weigh In On OneSpaWorld

Several institutional investors and hedge funds have recently bought and sold shares of OSW. Global Retirement Partners LLC purchased a new position in shares of OneSpaWorld during the 4th quarter valued at $26,000. Signaturefd LLC raised its stake in 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 purchasing an additional 768 shares in the last quarter. USA Financial Formulas bought a new stake in shares of OneSpaWorld during the 4th quarter worth $36,000. Aquatic Capital Management LLC purchased a new position in shares of OneSpaWorld in the 4th quarter worth about $81,000. Finally, Smartleaf Asset Management LLC boosted its stake in OneSpaWorld by 2,395.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,165 shares of the company’s stock worth $103,000 after buying an additional 4,958 shares in the last quarter. 95.98% of the stock is owned by institutional investors.

About OneSpaWorld

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.