European Wax Center, Inc. (NASDAQ:EWCZ) Short Interest Update

European Wax Center, Inc. (NASDAQ:EWCZ) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,990,000 shares, a growth of 5.3% from the December 15th total of 1,890,000 shares. Based on an average daily trading volume, of 805,700 shares, the short-interest ratio is presently 2.5 days. Currently, 6.4% of the company’s shares are sold short.

European Wax Center Stock Up 0.2 %

Shares of EWCZ stock traded up $0.01 during trading hours on Monday, hitting $6.36. 719,643 shares of the company were exchanged, compared to its average volume of 705,066. The company has a market capitalization of $362.14 million, a PE ratio of 27.65, a PEG ratio of 2.17 and a beta of 0.95. European Wax Center has a 52 week low of $4.80 and a 52 week high of $15.95. The business has a 50 day moving average of $6.19 and a two-hundred day moving average of $7.04. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81.

Insider Buying and Selling at European Wax Center

In related news, Director Nital P. Scott sold 4,344 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total transaction of $25,412.40. Following the completion of the sale, the director now directly owns 29,262 shares of the company’s stock, valued at $171,182.70. The trade was a 12.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.14% of the company’s stock.

Hedge Funds Weigh In On European Wax Center

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of European Wax Center in the third quarter valued at approximately $93,000. Royce & Associates LP acquired a new stake in European Wax Center in the 3rd quarter valued at $108,000. Aigen Investment Management LP acquired a new stake in European Wax Center in the 3rd quarter valued at $114,000. Dark Forest Capital Management LP bought a new stake in European Wax Center during the 2nd quarter worth about $127,000. Finally, Algert Global LLC acquired a new position in shares of European Wax Center during the 2nd quarter worth about $135,000. Institutional investors own 82.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EWCZ. Piper Sandler cut shares of European Wax Center from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $9.00 to $7.00 in a research report on Monday, January 6th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of European Wax Center in a research report on Tuesday, January 14th. Finally, Morgan Stanley reissued an “underweight” rating and set a $5.00 price target on shares of European Wax Center in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, European Wax Center currently has a consensus rating of “Hold” and a consensus target price of $6.64.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.