GNC Holdings Inc (GNC) Sees Significant Growth in Short Interest

GNC Holdings Inc (NYSE:GNC) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 30,876,808 shares, an increase of 17.1% from the February 15th total of 26,367,248 shares. Based on an average daily volume of 4,306,236 shares, the short-interest ratio is currently 7.2 days. Currently, 41.8% of the company’s stock are short sold.

A number of hedge funds have recently modified their holdings of GNC. Elephas Investment Management Ltd acquired a new position in GNC in the 4th quarter worth $19,310,000. Millennium Management LLC raised its stake in shares of GNC by 2,515.6% in the 4th quarter. Millennium Management LLC now owns 1,465,258 shares of the specialty retailer’s stock valued at $5,407,000 after purchasing an additional 1,409,237 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of GNC in the 4th quarter valued at about $2,883,000. Two Sigma Investments LP acquired a new stake in shares of GNC in the 4th quarter valued at about $2,435,000. Finally, Maverick Capital Ltd. raised its stake in shares of GNC by 1,758.9% in the 4th quarter. Maverick Capital Ltd. now owns 676,010 shares of the specialty retailer’s stock valued at $2,494,000 after purchasing an additional 639,643 shares in the last quarter. Hedge funds and other institutional investors own 59.70% of the company’s stock.

GNC (NYSE:GNC) opened at $4.28 on Wednesday. GNC has a 1-year low of $3.13 and a 1-year high of $10.95. The company has a debt-to-equity ratio of -8.01, a current ratio of 2.83 and a quick ratio of 0.89. The company has a market cap of $347.20, a price-to-earnings ratio of -2.04 and a beta of 0.84.

GNC (NYSE:GNC) last issued its quarterly earnings data on Tuesday, February 13th. The specialty retailer reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. GNC had a negative net margin of 6.07% and a negative return on equity of 120.93%. The firm had revenue of $557.74 million for the quarter, compared to analyst estimates of $568.80 million. During the same quarter in the previous year, the business posted $0.07 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. equities analysts expect that GNC will post 0.88 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of GNC from a “sell” rating to a “hold” rating in a research report on Monday, March 5th. ValuEngine lowered shares of GNC from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of GNC from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. GNC has an average rating of “Hold” and a consensus price target of $7.77.

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GNC Company Profile

GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.

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