European Wax Center, Inc. (NASDAQ:EWCZ) Sees Significant Drop in Short Interest

Key Points

• Short interest fell 22.5% to 1,172,973 shares as of March 31, equal to 2.3% of shares outstanding and a short-interest ratio of about 2.4 days.
• Analyst sentiment is cautious — five Hold ratings and one Sell result in a MarketBeat average rating of "Reduce" and an average target price of $5.84.
• Institutional investors own 82.14% of the stock, and the shares trade around $5.82 with a market capitalization of about $317.4 million and a 52‑week range of $2.95–$6.51.

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 1,172,973 shares, a drop of 22.5% from the March 15th total of 1,513,341 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 479,053 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analyst Weigh In

EWCZ has been the topic of several recent analyst reports. Zacks Research downgraded shares of European Wax Center from a "strong-buy" rating to a "hold" rating in a report on Friday, March 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.80 price objective on shares of European Wax Center in a report on Thursday, March 5th. Morgan Stanley set a $5.80 price objective on shares of European Wax Center and gave the company an "equal weight" rating in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of European Wax Center in a report on Thursday, January 29th. Finally, Robert W. Baird set a $5.80 price objective on shares of European Wax Center in a report on Wednesday, February 11th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, European Wax Center presently has an average rating of "Reduce" and an average target price of $5.84.

Institutional Investors Weigh In On European Wax Center

Hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management acquired a new stake in European Wax Center during the third quarter worth about $41,000. M&T Bank Corp acquired a new stake in European Wax Center during the fourth quarter worth about $40,000. R Squared Ltd acquired a new stake in European Wax Center during the third quarter worth about $47,000. Brooklyn Investment Group acquired a new stake in European Wax Center during the third quarter worth about $47,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in European Wax Center during the third quarter worth about $48,000. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Price Performance

Shares of NASDAQ EWCZ opened at $5.82 on Wednesday. The firm has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $4.44. The stock has a market capitalization of $317.42 million, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.32. The company has a quick ratio of 2.29, a current ratio of 2.70 and a debt-to-equity ratio of 3.57. European Wax Center has a 52 week low of $2.95 and a 52 week high of $6.51.

About European Wax Center

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.

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