Nautilus, Inc. (NYSE:NLS) Sees Significant Decline in Short Interest

Nautilus, Inc. (NYSE:NLS) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 793,300 shares, a drop of 10.8% from the December 15th total of 889,400 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 761,300 shares, the short-interest ratio is currently 1.0 days.

NLS has been the topic of several recent analyst reports. Imperial Capital downgraded shares of Nautilus from an “outperform” rating to an “outperform” rating and decreased their price objective for the company from $4.50 to $2.00 in a research report on Monday, November 11th. Zacks Investment Research upgraded shares of Nautilus from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 9th. ValuEngine upgraded shares of Nautilus from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. SunTrust Banks raised their price objective on shares of Nautilus from $2.00 to $3.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Finally, Craig Hallum upgraded shares of Nautilus from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.14.

A number of hedge funds and other institutional investors have recently made changes to their positions in NLS. Susquehanna International Group LLP purchased a new position in shares of Nautilus in the 2nd quarter worth $49,000. Royal Bank of Canada grew its stake in shares of Nautilus by 58.4% in the 2nd quarter. Royal Bank of Canada now owns 26,500 shares of the specialty retailer’s stock worth $58,000 after buying an additional 9,770 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Nautilus in the 3rd quarter worth $70,000. Weiss Asset Management LP purchased a new position in shares of Nautilus in the 2nd quarter worth $110,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Nautilus in the 2nd quarter worth $126,000. Institutional investors own 61.88% of the company’s stock.

NYSE NLS traded down $0.33 on Thursday, reaching $3.46. The company had a trading volume of 1,123,932 shares, compared to its average volume of 936,968. The company has a quick ratio of 0.86, a current ratio of 1.82 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $112.68 million, a PE ratio of 6.92 and a beta of 0.99. The firm’s 50 day moving average price is $1.95 and its 200 day moving average price is $1.64. Nautilus has a 12 month low of $1.20 and a 12 month high of $11.83.

Nautilus (NYSE:NLS) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.17). The company had revenue of $61.71 million during the quarter, compared to the consensus estimate of $78.86 million. Nautilus had a negative net margin of 30.19% and a negative return on equity of 17.57%. On average, research analysts expect that Nautilus will post -0.92 EPS for the current year.

Nautilus Company Profile

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

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