Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Down 7.0% in November

Duluth Holdings Inc (NASDAQ:DLTH) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 302,700 shares, a decrease of 7.0% from the November 15th total of 325,600 shares. Based on an average trading volume of 66,900 shares, the short-interest ratio is currently 4.5 days. Currently, 1.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

DLTH has been the topic of several research reports. StockNews.com downgraded shares of Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on shares of Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Friday, December 6th.

Duluth Stock Performance

NASDAQ:DLTH traded up $0.01 during mid-day trading on Tuesday, hitting $3.36. 84,680 shares of the stock were exchanged, compared to its average volume of 90,602. The firm’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.70. The stock has a market capitalization of $106.89 million, a price-to-earnings ratio of -3.40 and a beta of 1.33. Duluth has a fifty-two week low of $3.09 and a fifty-two week high of $5.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 1.30.

Institutional Investors Weigh In On Duluth

A number of institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Duluth in the 2nd quarter worth about $38,000. Yarger Wealth Strategies LLC bought a new position in shares of Duluth during the second quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Duluth in the second quarter valued at approximately $72,000. Squarepoint Ops LLC bought a new stake in shares of Duluth in the second quarter valued at approximately $138,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Duluth during the second quarter worth approximately $226,000. Institutional investors own 24.39% of the company’s stock.

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.