Short Interest in Duluth Holdings Inc (NASDAQ:DLTH) Decreases By 15.6%

Duluth Holdings Inc (NASDAQ:DLTH) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 302,900 shares, a decline of 15.6% from the October 15th total of 358,900 shares. Based on an average daily trading volume, of 109,900 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.5% of the shares of the company are short sold.

Duluth Stock Performance

Shares of NASDAQ DLTH traded down $0.19 during trading on Monday, hitting $3.31. The company had a trading volume of 30,290 shares, compared to its average volume of 93,091. The stock has a 50 day simple moving average of $3.81 and a 200 day simple moving average of $3.81. The firm has a market capitalization of $104.83 million, a P/E ratio of -7.59 and a beta of 1.34. 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 12 month low of $3.09 and a 12 month high of $5.82.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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

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.