European Wax Center, Inc. (NASDAQ:EWCZ) Short Interest Update

European Wax Center, Inc. (NASDAQ:EWCZ) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 1,492,647 shares, an increase of 55.3% from the January 29th total of 961,063 shares. Based on an average daily volume of 2,130,881 shares, the short-interest ratio is presently 0.7 days. Approximately 2.9% of the shares of the stock are short sold. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily volume of 2,130,881 shares, the short-interest ratio is presently 0.7 days.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ traded up $0.01 during midday trading on Monday, hitting $5.73. 422,572 shares of the stock were exchanged, compared to its average volume of 989,836. European Wax Center has a twelve month low of $2.72 and a twelve month high of $6.59. The stock has a market cap of $311.21 million, a P/E ratio of 22.02, a PEG ratio of 0.53 and a beta of 1.37. The company has a current ratio of 3.67, a quick ratio of 3.14 and a debt-to-equity ratio of 3.57. The company has a 50 day moving average price of $4.39 and a 200-day moving average price of $4.09.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $5.80 price objective on shares of European Wax Center in a research note on Thursday. Wall Street Zen raised European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Zacks Research raised shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th. Finally, Robert W. Baird set a $5.80 price objective on European Wax Center in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, European Wax Center presently has an average rating of “Hold” and a consensus price target of $7.37.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in shares of European Wax Center by 294.3% during the first quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock valued at $881,000 after acquiring an additional 166,532 shares during the period. Goldman Sachs Group Inc. grew its position in European Wax Center by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock worth $1,995,000 after purchasing an additional 168,900 shares during the last quarter. CWM LLC raised its stake in shares of European Wax Center by 1,275.9% in the second quarter. CWM LLC now owns 14,337 shares of the company’s stock valued at $81,000 after purchasing an additional 13,295 shares in the last quarter. Crown Advisors Management Inc. acquired a new stake in European Wax Center in the 2nd quarter valued at $1,126,000. Finally, Los Angeles Capital Management LLC acquired a new stake in European Wax Center during the 2nd quarter valued at $376,000. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Company Profile

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.