Short Interest in OneSpaWorld Holdings Limited (NASDAQ:OSW) Rises By 23.3%

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,480,000 shares, an increase of 23.3% from the December 15th total of 1,200,000 shares. Based on an average daily volume of 508,600 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OSW shares. Truist Financial lifted their price target 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. Stifel Nicolaus upped their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday.

OneSpaWorld Stock Up 0.5 %

OSW stock traded up $0.10 during trading on Friday, hitting $19.59. 483,024 shares of the company’s stock traded hands, compared to its average volume of 436,012. The business has a fifty day simple moving average of $19.47 and a two-hundred day simple moving average of $17.40. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.04 billion, a P/E ratio of 39.98 and a beta of 2.10. OneSpaWorld has a 1 year low of $11.98 and a 1 year high of $20.57.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld’s dividend payout ratio (DPR) is currently 32.65%.

Insider Buying and Selling

In other OneSpaWorld news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $20.40, for a total value of $367,200.00. Following the sale, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This trade represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the sale, the director now directly owns 545,432 shares of the company’s stock, valued at $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,906 shares of company stock valued at $2,988,120. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors have recently added to or reduced their stakes in OSW. Simon Quick Advisors LLC bought a new stake in shares of OneSpaWorld in the 4th quarter valued at about $247,000. Sheets Smith Wealth Management boosted its stake in OneSpaWorld by 3.3% in the fourth quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company’s stock valued at $656,000 after acquiring an additional 1,050 shares in the last quarter. Yarbrough Capital LLC purchased a new position in OneSpaWorld in the fourth quarter worth $369,000. USA Financial Formulas acquired a new position in shares of OneSpaWorld during the fourth quarter worth $36,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of OneSpaWorld by 144.2% during the 3rd quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock valued at $547,000 after purchasing an additional 19,565 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

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.