Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Expands By 50.0%

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

OneSpaWorld Stock Performance

Shares of NASDAQ OSW traded down $0.18 during trading on Tuesday, reaching $16.61. 487,517 shares of the stock traded hands, compared to its average volume of 996,080. The company has a 50-day moving average of $19.57 and a 200-day moving average of $18.82. OneSpaWorld has a 52-week low of $11.98 and a 52-week high of $23.01. The stock has a market capitalization of $1.74 billion, a P/E ratio of 23.73 and a beta of 2.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29.

OneSpaWorld Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.96%. OneSpaWorld’s dividend payout ratio is 22.86%.

Institutional Investors Weigh In On OneSpaWorld

A number of hedge funds and other institutional investors have recently bought and sold shares of OSW. Raymond James Financial Inc. bought a new stake in shares of OneSpaWorld during the 4th quarter valued at $54,789,000. Loomis Sayles & Co. L P bought a new stake in shares of OneSpaWorld during the fourth quarter valued at about $30,457,000. FMR LLC lifted its holdings in shares of OneSpaWorld by 54.0% in the third quarter. FMR LLC now owns 4,137,525 shares of the company’s stock worth $68,311,000 after buying an additional 1,451,283 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of OneSpaWorld by 205.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,255,893 shares of the company’s stock valued at $24,992,000 after acquiring an additional 845,117 shares during the period. Finally, Royal Bank of Canada grew its stake in OneSpaWorld by 1,699.9% during the fourth quarter. Royal Bank of Canada now owns 844,479 shares of the company’s stock valued at $16,806,000 after acquiring an additional 797,562 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.