Short Interest in RTW Retailwinds Inc (NYSE:RTW) Declines By 24.1%

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RTW Retailwinds Inc (NYSE:RTW) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totalling 1,282,700 shares, a decline of 24.1% from the July 15th total of 1,690,200 shares. Based on an average daily volume of 120,300 shares, the days-to-cover ratio is currently 10.7 days. Approximately 4.9% of the company’s stock are sold short.

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in RTW Retailwinds during the first quarter worth $31,000. Dimensional Fund Advisors LP acquired a new position in RTW Retailwinds during the fourth quarter worth $7,919,000. Wasatch Advisors Inc. acquired a new position in RTW Retailwinds during the first quarter worth $1,292,000. Signia Capital Management LLC increased its holdings in RTW Retailwinds by 8.8% during the first quarter. Signia Capital Management LLC now owns 1,323,853 shares of the company’s stock worth $3,178,000 after buying an additional 107,619 shares during the last quarter. Finally, Northern Trust Corp acquired a new position in RTW Retailwinds during the fourth quarter worth $1,027,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

A number of brokerages have recently commented on RTW. ValuEngine raised shares of RTW Retailwinds from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet lowered shares of RTW Retailwinds from a “c” rating to a “d+” rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research raised shares of RTW Retailwinds from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st.

Shares of RTW stock traded down $0.11 during trading on Tuesday, reaching $1.01. The company’s stock had a trading volume of 151,243 shares, compared to its average volume of 120,532. The business has a fifty day moving average price of $1.82 and a 200-day moving average price of $2.26. The company has a quick ratio of 0.58, a current ratio of 1.09 and a debt-to-equity ratio of 2.90. The company has a market cap of $78.52 million, a price-to-earnings ratio of 6.73 and a beta of 1.22. RTW Retailwinds has a one year low of $1.00 and a one year high of $5.06.

RTW Retailwinds (NYSE:RTW) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.13). The business had revenue of $201.89 million during the quarter. RTW Retailwinds had a negative return on equity of 8.96% and a negative net margin of 1.35%.

RTW Retailwinds Company Profile

RTW Retailwinds, Inc operates as an omni-channel women's fashion retailer in the United States. It offers a merchandise assortment, including wear-to-work, casual apparel and accessories comprising pants, dresses, jackets, knit tops, blouses, sweaters, denims, T-shirts, active wear, handbags, jewelry, and shoes under the New York & Company, NY&C, NY Style, Soho New York & Company Jeans, Lerner, Lerner New York, and Fashion to Figure brand names for women between the ages of 25 and 49.

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