Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Up 7.5% in November

Duluth Holdings Inc (NASDAQ:DLTH) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 325,600 shares, a growth of 7.5% from the October 31st total of 302,900 shares. Based on an average trading volume of 98,900 shares, the short-interest ratio is currently 3.3 days. Currently, 1.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Duluth from a “hold” rating to a “buy” rating in a research report on Tuesday.

Duluth Trading Down 3.6 %

Duluth stock opened at $3.75 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. Duluth has a 12 month low of $3.09 and a 12 month high of $5.82. The stock’s 50 day simple moving average is $3.78 and its two-hundred day simple moving average is $3.76. The firm has a market cap of $118.76 million, a PE ratio of -8.15 and a beta of 1.33.

Institutional Investors Weigh In On Duluth

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