Waitr Holdings Inc (NASDAQ:WTRH) Short Interest Update
Waitr Holdings Inc (NASDAQ:WTRH) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 13,181,900 shares, a decrease of 6.9% from the June 30th total of 14,163,900 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 9.0 days. Currently, 27.4% of the company’s stock are sold short.
A number of equities research analysts have recently issued reports on the stock. Craig Hallum restated a “buy” rating and issued a $5.00 target price (down previously from $20.00) on shares of Waitr in a research note on Friday, August 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Waitr from a “hold” rating to a “buy” rating and set a $5.50 price object ...