OneSpaWorld Holdings Limited (NASDAQ:OSW) Short Interest Up 50.0% in March

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 2,220,000 shares, a growth of 50.0% from the February 28th total of 1,480,000 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 922,300 shares, the days-to-cover ratio is currently 2.4 days.

OneSpaWorld Stock Down 6.4 %

NASDAQ:OSW traded down $1.12 during trading hours on Friday, hitting $16.47. The company’s 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 company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.72 billion, a P/E ratio of 23.53 and a beta of 2.11. The stock has a fifty day moving average of $19.63 and a 200-day moving average of $18.78.

OneSpaWorld Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, March 12th. OneSpaWorld’s dividend payout ratio (DPR) is 22.86%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OSW. Truist Financial upped their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus increased their price target on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th.

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds have recently added to or reduced their stakes in OSW. Summit Investment Advisors Inc. increased its holdings in shares of OneSpaWorld by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company’s stock valued at $209,000 after acquiring an additional 668 shares during the period. Signaturefd LLC grew its position in OneSpaWorld by 139.9% during the 4th quarter. Signaturefd LLC now owns 1,317 shares of the company’s stock worth $26,000 after purchasing an additional 768 shares during the last quarter. Morse Asset Management Inc increased its stake in OneSpaWorld by 8.1% in the third quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after purchasing an additional 1,050 shares during the period. Sheets Smith Wealth Management raised its holdings in shares of OneSpaWorld by 3.3% in the fourth quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company’s stock valued at $656,000 after buying an additional 1,050 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of OneSpaWorld during the fourth quarter worth about $26,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

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.