OneSpaWorld Holdings Limited (NASDAQ:OSW) Sees Large Growth in Short Interest

OneSpaWorld Holdings Limited (NASDAQ:OSW) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,220,000 shares, a growth of 50.0% from the February 28th total of 1,480,000 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 922,300 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On OneSpaWorld

A number of hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in OneSpaWorld during the fourth quarter worth about $26,000. Signaturefd LLC increased its holdings in shares of OneSpaWorld by 139.9% during the 4th quarter. Signaturefd LLC now owns 1,317 shares of the company’s stock worth $26,000 after buying an additional 768 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of OneSpaWorld during the 4th quarter worth approximately $36,000. Aquatic Capital Management LLC purchased a new stake in shares of OneSpaWorld during the 4th quarter valued at approximately $81,000. Finally, Point72 DIFC Ltd acquired a new position in OneSpaWorld in the third quarter valued at approximately $81,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial increased their price objective on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus increased their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th.

OneSpaWorld Price Performance

Shares of NASDAQ:OSW traded up $0.32 during midday trading on Monday, hitting $16.79. The company had a trading volume of 1,476,953 shares, compared to its average volume of 639,162. OneSpaWorld has a twelve month low of $11.98 and a twelve month high of $23.01. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 23.99 and a beta of 2.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The business’s 50-day simple moving average is $19.63 and its 200-day simple moving average is $18.81.

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. OneSpaWorld’s dividend payout ratio is presently 22.86%.

About OneSpaWorld

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.