Camping World Holdings, Inc. (NYSE:CWH) Sees Significant Growth in Short Interest

Camping World Holdings, Inc. (NYSE:CWH) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 6,640,000 shares, an increase of 19.6% from the December 15th total of 5,550,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 4.4 days.

Camping World Trading Down 1.2 %

Shares of NYSE:CWH traded down $0.28 during midday trading on Friday, hitting $22.90. 745,076 shares of the stock were exchanged, compared to its average volume of 1,070,124. The business’s 50-day moving average price is $22.74 and its 200 day moving average price is $22.18. Camping World has a 12 month low of $17.29 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -33.19, a P/E/G ratio of 0.97 and a beta of 2.49.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, December 13th. Camping World’s payout ratio is currently -72.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CWH shares. Truist Financial cut their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Bank of America began coverage on Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 target price on the stock. Monness Crespi & Hardt boosted their price target on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 30th. Finally, KeyCorp increased their target price on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

Hedge Funds Weigh In On Camping World

Hedge funds have recently modified their holdings of the business. Quest Partners LLC increased its position in Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after purchasing an additional 1,299 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Camping World during the second quarter worth $50,000. Truvestments Capital LLC bought a new position in Camping World during the third quarter worth $165,000. nVerses Capital LLC acquired a new position in Camping World in the third quarter valued at $191,000. Finally, Blueshift Asset Management LLC bought a new stake in Camping World during the third quarter valued at $214,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.