Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Update

Duluth Holdings Inc (NASDAQ:DLTH) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 302,700 shares, a decrease of 7.0% from the November 15th total of 325,600 shares. Based on an average daily trading volume, of 66,900 shares, the short-interest ratio is currently 4.5 days. Currently, 1.5% of the shares of the stock are short sold.

Duluth Price Performance

Shares of DLTH stock traded up $0.01 on Tuesday, hitting $3.36. 84,680 shares of the company’s stock were exchanged, compared to its average volume of 90,602. Duluth has a 12 month low of $3.09 and a 12 month high of $5.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 0.30. The company has a 50 day moving average of $3.72 and a 200 day moving average of $3.70. The stock has a market cap of $106.89 million, a P/E ratio of -3.40 and a beta of 1.33.

Institutional Investors Weigh In On Duluth

A number of hedge funds have recently made changes to their positions in DLTH. International Assets Investment Management LLC bought a new position in Duluth in the 2nd quarter valued at approximately $38,000. Yarger Wealth Strategies LLC bought a new position in shares of Duluth in the 2nd quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Duluth during the 2nd quarter valued at $72,000. Squarepoint Ops LLC bought a new stake in Duluth during the 2nd quarter worth $138,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Duluth in the 2nd quarter worth about $226,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DLTH shares. StockNews.com cut shares of Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird lowered their price objective on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, December 6th.

Duluth Company Profile

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.