OneSpaWorld Holdings Limited (NASDAQ:OSW) Short Interest Up 23.3% in December

OneSpaWorld Holdings Limited (NASDAQ:OSW) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 1,480,000 shares, a growth of 23.3% from the December 15th total of 1,200,000 shares. Based on an average daily volume of 508,600 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OSW. Stifel Nicolaus raised their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial lifted 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.

OneSpaWorld Stock Performance

Shares of OSW traded up $0.10 during trading hours on Friday, hitting $19.59. The stock had a trading volume of 483,024 shares, compared to its average volume of 436,012. The firm has a 50-day moving average price of $19.47 and a 200 day moving average price of $17.40. OneSpaWorld has a fifty-two week low of $11.98 and a fifty-two week high of $20.57. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 39.98 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84.

OneSpaWorld Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld’s payout ratio is currently 32.65%.

Insider Buying and Selling

In related news, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the transaction, the director now owns 545,432 shares in the company, valued at approximately $10,188,669.76. This represents a 12.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares of the company’s stock, valued at $3,486,706.80. This represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,906 shares of company stock worth $2,988,120 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC raised its position in OneSpaWorld by 53.5% during the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock worth $10,166,000 after acquiring an additional 214,557 shares during the period. State Street Corp increased its stake in shares of OneSpaWorld by 3.0% during the third quarter. State Street Corp now owns 2,148,522 shares of the company’s stock worth $35,472,000 after purchasing an additional 61,568 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of OneSpaWorld during the 2nd quarter worth about $7,685,000. Royce & Associates LP purchased a new position in OneSpaWorld in the 3rd quarter valued at about $2,295,000. Finally, Driehaus Capital Management LLC boosted its holdings in OneSpaWorld by 6.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,867,527 shares of the company’s stock worth $28,704,000 after buying an additional 106,910 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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.