Duluth Holdings Inc (NASDAQ:DLTH) Short Interest Up 7.5% in November

Duluth Holdings Inc (NASDAQ:DLTH) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 325,600 shares, an increase of 7.5% from the October 31st total of 302,900 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 98,900 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Trading of Duluth

A number of hedge funds and other institutional investors have recently modified their holdings of DLTH. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Duluth by 142.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,151 shares of the company’s stock worth $862,000 after acquiring an additional 134,520 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Duluth in the 2nd quarter worth $432,000. GSA Capital Partners LLP increased its stake in shares of Duluth by 288.9% in the 3rd quarter. GSA Capital Partners LLP now owns 104,763 shares of the company’s stock worth $394,000 after acquiring an additional 77,825 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Duluth by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock worth $2,942,000 after acquiring an additional 64,281 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Duluth in the 2nd quarter worth $226,000. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Stock Down 3.6 %

Shares of DLTH opened at $3.75 on Wednesday. Duluth has a 52-week low of $3.09 and a 52-week high of $5.82. The company has a market capitalization of $118.76 million, a PE ratio of -8.15 and a beta of 1.33. The stock has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.76. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Duluth from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.