Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Up 47.2% in March

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 637,000 shares, a growth of 47.2% from the February 28th total of 432,600 shares. Based on an average trading volume of 574,900 shares, the short-interest ratio is currently 1.1 days. Approximately 1.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of research reports. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Three investment 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.20.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of large investors have recently modified their holdings of SPWH. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Sportsman’s Warehouse during the 3rd quarter valued at approximately $168,000. FMR LLC boosted its position in shares of Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after purchasing an additional 174,858 shares in the last quarter. Portolan Capital Management LLC bought a new stake in shares of Sportsman’s Warehouse during the third quarter valued at approximately $2,565,000. Jane Street Group LLC grew its stake in Sportsman’s Warehouse by 16.6% in the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after purchasing an additional 32,073 shares during the period. Finally, XTX Topco Ltd purchased a new position in Sportsman’s Warehouse during the third quarter valued at $107,000. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Down 9.0 %

Shares of NASDAQ:SPWH traded down $0.10 during midday trading on Friday, hitting $1.01. 419,778 shares of the stock traded hands, compared to its average volume of 520,550. 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 capitalization of $38.34 million, a PE ratio of -1.15 and a beta of 0.53. Sportsman’s Warehouse has a one year low of $0.92 and a one year high of $4.44. The business’s 50 day moving average is $1.57 and its two-hundred day moving average is $2.20.

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.