Short Interest in Duluth Holdings Inc (NASDAQ:DLTH) Rises By 9.6%

Duluth Holdings Inc (NASDAQ:DLTH) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 358,900 shares, a growth of 9.6% from the September 30th total of 327,400 shares. Based on an average daily trading volume, of 120,000 shares, the short-interest ratio is presently 3.0 days. Approximately 2.0% of the company’s shares are short sold.

Duluth Stock Performance

Shares of NASDAQ:DLTH traded up $0.11 during trading on Thursday, reaching $3.70. 55,988 shares of the company’s stock traded hands, compared to its average volume of 95,843. The stock has a market capitalization of $117.29 million, a P/E ratio of -8.76 and a beta of 1.34. Duluth has a 12 month low of $3.09 and a 12 month high of $5.82. The company has a 50 day moving average of $3.80 and a 200-day moving average of $3.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 0.30.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.10. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. The firm had revenue of $141.62 million during the quarter, compared to the consensus estimate of $132.30 million. During the same period in the prior year, the business earned ($0.06) EPS. On average, equities analysts expect that Duluth will post -0.16 EPS for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of Duluth by 301.7% during the third quarter. International Assets Investment Management LLC now owns 41,172 shares of the company’s stock valued at $155,000 after acquiring an additional 30,922 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Duluth during the 2nd quarter valued at $226,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Duluth in the second quarter valued at $72,000. Squarepoint Ops LLC acquired a new position in Duluth during the second quarter worth about $138,000. Finally, Marshall Wace LLP acquired a new position in Duluth during the second quarter worth about $432,000. 24.39% of the stock is owned by institutional investors and hedge funds.

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.