Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Down 36.5% in February

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 432,600 shares, a drop of 36.5% from the February 13th total of 681,300 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 620,700 shares, the short-interest ratio is presently 0.7 days.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH traded down $0.03 during mid-day trading on Monday, reaching $1.09. 85,560 shares of the company were exchanged, compared to its average volume of 515,995. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The stock has a market cap of $41.18 million, a PE ratio of -1.23 and a beta of 0.53. The company has a fifty day moving average of $1.82 and a 200 day moving average of $2.28. Sportsman’s Warehouse has a 12 month low of $1.03 and a 12 month high of $4.44.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2.00 to $4.00 in a research report on Wednesday, December 11th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sportsman’s Warehouse presently has an average rating of “Moderate Buy” and a consensus target price of $3.20.

Institutional Trading of Sportsman’s Warehouse

Institutional investors have recently bought and sold shares of the business. R Squared Ltd bought a new position in shares of Sportsman’s Warehouse in the 4th quarter worth $33,000. Balyasny Asset Management L.P. bought a new position in Sportsman’s Warehouse during the fourth quarter worth about $33,000. Mink Brook Asset Management LLC acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at about $41,000. Greenwood Gearhart Inc. bought a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth about $85,000. Finally, Barclays PLC raised its position in shares of Sportsman’s Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after purchasing an additional 38,038 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.