Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Up 184.9% in April

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,960,000 shares, a growth of 184.9% from the March 31st total of 687,900 shares. Approximately 5.5% of the shares of the company are sold short. Based on an average daily volume of 2,460,000 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SPWH shares. B. Riley reaffirmed a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price for the company in a research note on Wednesday, April 2nd. Finally, Roth Mkm lowered their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Price Performance

Shares of NASDAQ SPWH traded up $0.06 during trading on Friday, hitting $1.75. 86,163 shares of the company were exchanged, compared to its average volume of 992,953. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman's Warehouse has a 1 year low of $0.92 and a 1 year high of $4.44. The company has a market cap of $66.81 million, a price-to-earnings ratio of -1.98 and a beta of 0.75. The firm's fifty day moving average price is $1.36 and its 200 day moving average price is $1.97.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The firm had revenue of $340.40 million during the quarter, compared to analysts' expectations of $328.67 million. On average, sell-side analysts expect that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPWH. R Squared Ltd purchased a new stake in shares of Sportsman's Warehouse in the 4th quarter worth about $33,000. Balyasny Asset Management L.P. acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $33,000. Mink Brook Asset Management LLC acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $41,000. Greenwood Gearhart Inc. purchased a new position in shares of Sportsman's Warehouse during the 4th quarter worth approximately $85,000. Finally, Barclays PLC raised its position in shares of Sportsman's Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after purchasing an additional 38,038 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

About Sportsman's Warehouse

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.