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

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

Wall Street Analyst Weigh In

Several analysts have issued reports on DLTH shares. StockNews.com downgraded Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird cut their price target on Duluth from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, December 6th.

Institutional Trading of Duluth

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Duluth by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock worth $4,209,000 after acquiring an additional 15,018 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Duluth in the second quarter valued at about $38,000. Dimensional Fund Advisors LP grew its position in shares of Duluth by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after purchasing an additional 64,281 shares during the last quarter. Yarger Wealth Strategies LLC bought a new position in shares of Duluth in the second quarter worth about $53,000. Finally, Marshall Wace LLP acquired a new position in shares of Duluth during the 2nd quarter worth about $432,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Duluth Stock Up 0.3 %

DLTH opened at $3.36 on Wednesday. The firm has a market cap of $106.89 million, a P/E ratio of -3.40 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 1.30. The business has a 50 day moving average price of $3.72 and a 200 day moving average price of $3.70. Duluth has a twelve month low of $3.09 and a twelve month high of $5.82.

About Duluth

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.