Weight Watchers International Stock Sees Short Interest Decline 12.2%

The most recent short interest data has been released by the NASDAQ for the 10/15/2013 settlement date, which shows a 631,705 share decrease in total short interest for Weight Watchers International, Inc. ( WTW), to 4,547,623, a decrease of 12.20% since 09/30/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for WTW at the 10/15/2013 settlement increased to 605,741, as compared to 507,280 at the 09/30/2013 report. That brought "days to cover" down to 7.51, a 26.47% decrease from the 10.21 days to cover calculated at the previous short interest data release.

START SLIDESHOW:
The 10 Most Shorted Stocks of the Dow »

The below chart shows the historical "days to cover" for WTW at previous short interest release dates:

Loading+chart++2013+TickerTech.com

A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where WTW had been shorted as a hedge.

The chart below shows the one year performance of WTW shares, versus its 200 day moving average. Looking at this chart, WTW's low point in its 52 week range is $35.58 per share, with $60.30 as the 52 week high point — that compares with a last trade of $38.79.

Weight Watchers International, Inc. Chart

According to the ETF Finder at ETF Channel, WTW makes up 5.25% of the Wide Moat ETF (MOAT) which is lower by about 0.5% on the day Friday.

In afternoon trading Friday, WTW was off about 1% on the day.

null

If you liked this article you might like

Weight Watchers Targets Teens, Ruffling Some Feathers

Weight Watchers Targets Teens, Ruffling Some Feathers

Weight Watchers Starts to Fatten Up

Weight Watchers Starts to Fatten Up

Should You Scale Into Weight Watchers Amid Oprah Winfrey Presidential Fever?

Should You Scale Into Weight Watchers Amid Oprah Winfrey Presidential Fever?

Oprah Nets $34 Million in Paper Profits on Weight Watchers From Big Speech

Oprah Nets $34 Million in Paper Profits on Weight Watchers From Big Speech

3 Pummeled Stocks to Buy for a Big 2018 Revival

3 Pummeled Stocks to Buy for a Big 2018 Revival