Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc (NASDAQ:DLTH) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 358,900 shares, an increase of 9.6% from the September 30th total of 327,400 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 120,000 shares, the short-interest ratio is currently 3.0 days.

Duluth Price Performance

Shares of NASDAQ:DLTH traded up $0.11 on Thursday, hitting $3.70. The stock had a trading volume of 55,988 shares, compared to its average volume of 95,843. The firm’s 50 day moving average price is $3.80 and its 200-day moving average price is $3.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. Duluth has a twelve month low of $3.09 and a twelve month high of $5.82. The company has a market capitalization of $117.29 million, a price-to-earnings ratio of -8.76 and a beta of 1.34.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.10. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. The company had revenue of $141.62 million during the quarter, compared to analyst estimates of $132.30 million. During the same quarter last year, the business posted ($0.06) earnings per share. On average, equities research analysts predict that Duluth will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Duluth from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of Duluth in the 2nd quarter worth $38,000. Yarger Wealth Strategies LLC bought a new stake in shares of Duluth in the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Duluth during the second quarter worth about $72,000. Virtu Financial LLC acquired a new position in shares of Duluth in the 1st quarter valued at approximately $73,000. Finally, Taylor & Morgan Wealth Management LLC boosted its holdings in shares of Duluth by 25.0% in the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock valued at $74,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Duluth

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.