Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Expands By 23.3%

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,480,000 shares, an increase of 23.3% from the December 15th total of 1,200,000 shares. Based on an average daily volume of 508,600 shares, the short-interest ratio is presently 2.9 days.

OneSpaWorld Price Performance

Shares of OSW traded up $0.10 during mid-day trading on Friday, hitting $19.59. 483,024 shares of the stock were exchanged, compared to its average volume of 436,012. The firm has a 50-day moving average of $19.47 and a two-hundred day moving average of $17.40. OneSpaWorld has a 52-week low of $11.98 and a 52-week high of $20.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The company has a market cap of $2.04 billion, a PE ratio of 39.98 and a beta of 2.10.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld’s payout ratio is 32.65%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus upped their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 75,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the completion of the sale, the director now owns 545,432 shares in the company, valued at approximately $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was 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 directly owns 170,917 shares in the company, valued at $3,486,706.80. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,906 shares of company stock valued at $2,988,120. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of OneSpaWorld

Several hedge funds and other institutional investors have recently bought and sold shares of OSW. USA Financial Formulas purchased a new stake in OneSpaWorld in the 4th quarter worth about $36,000. Quarry LP raised its holdings in shares of OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company’s stock worth $66,000 after buying an additional 2,762 shares during the period. Point72 DIFC Ltd bought a new stake in shares of OneSpaWorld during the 3rd quarter worth approximately $81,000. Morse Asset Management Inc purchased a new position in OneSpaWorld during the 2nd quarter valued at $200,000. Finally, Glenmede Trust Co. NA bought a new position in OneSpaWorld in the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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.