Regis Co. (NYSE:RGS) Short Interest Update

Key Points

• Short interest in Regis Co. has increased significantly by 20.0% in August, reaching a total of 91,800 shares as of the end of the month.
• The company's shares are experiencing a trading decline of 0.7%, with recent prices at $28.27 and a market capitalization of $68.87 million.
• Institutional investors currently own 31.50% of Regis Co., with significant new stakes acquired by multiple hedge funds in recent quarters.

Regis Co. (NYSE:RGS - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 91,800 shares, a growth of 20.0% from the August 15th total of 76,500 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is presently 7.0 days. Approximately 4.4% of the shares of the stock are sold short. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily volume of 13,200 shares, the short-interest ratio is presently 7.0 days.

Institutional Trading of Regis

Several hedge funds and other institutional investors have recently made changes to their positions in RGS. Diametric Capital LP purchased a new position in Regis during the 2nd quarter valued at about $233,000. Aspire Growth Partners LLC purchased a new position in Regis during the 1st quarter valued at about $239,000. Finally, Kent Lake PR LLC purchased a new position in Regis during the 2nd quarter valued at about $412,000. Institutional investors and hedge funds own 31.50% of the company's stock.

Regis Price Performance

Shares of NYSE RGS traded down $0.64 during midday trading on Monday, hitting $27.63. The company had a trading volume of 12,422 shares, compared to its average volume of 17,634. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.67. Regis has a twelve month low of $15.00 and a twelve month high of $30.29. The business has a 50-day simple moving average of $22.31 and a two-hundred day simple moving average of $20.84. The firm has a market capitalization of $67.31 million, a price-to-earnings ratio of 0.70 and a beta of 1.78.

Regis (NYSE:RGS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $42.58 EPS for the quarter. Regis had a net margin of 50.00% and a return on equity of 51.23%.

About Regis

Regis Corporation owns and franchises hair care salons primarily in North America. The company operates in two segments, Franchise Salons and Company-Owned Salons. Its salons provide haircutting; styling, including shampooing and conditioning; hair coloring; and other services, as well as sell various hair care and other beauty products.