Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Drops By 61.1%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 607,264 shares, a drop of 61.1% from the February 26th total of 1,559,547 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 610,653 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently modified their holdings of SPWH. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $41,000. SBI Securities Co. Ltd. lifted its position in Sportsman’s Warehouse by 158,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock valued at $46,000 after acquiring an additional 31,700 shares in the last quarter. Prudential Financial Inc. bought a new stake in Sportsman’s Warehouse in the 2nd quarter valued at $56,000. Centiva Capital LP acquired a new position in Sportsman’s Warehouse in the 3rd quarter worth $63,000. Finally, Greenwood Gearhart Inc. boosted its stake in Sportsman’s Warehouse by 47.9% in the 4th quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock worth $121,000 after purchasing an additional 26,785 shares during the period. 83.04% of the stock is owned by institutional investors.

Sportsman’s Warehouse Trading Down 1.1%

Shares of Sportsman’s Warehouse stock traded down $0.02 during trading on Thursday, reaching $1.37. 34,820 shares of the company were exchanged, compared to its average volume of 383,203. The business has a 50-day moving average price of $1.34 and a 200-day moving average price of $1.93. The firm has a market capitalization of $52.53 million, a price-to-earnings ratio of -1.41 and a beta of 0.60. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33.

Analyst Ratings Changes

A number of analysts recently commented on the company. Robert W. Baird lowered their price objective on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Roth Mkm lowered their price target on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.95.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.