Trans World Entertainment Co. (NASDAQ:TWMC) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 23,600 shares, a decrease of 23.4% from the June 15th total of 30,800 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.9% of the shares of the stock are short sold.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Independent Family Office LLC boosted its stake in shares of Trans World Entertainment by 0.9% in the 1st quarter. Independent Family Office LLC now owns 189,465 shares of the specialty retailer’s stock valued at $629,000 after purchasing an additional 1,600 shares during the last quarter. CWH Capital Management Inc. bought a new position in shares of Trans World Entertainment in the 1st quarter valued at about $52,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Trans World Entertainment by 43.4% in the 4th quarter. Renaissance Technologies LLC now owns 99,399 shares of the specialty retailer’s stock valued at $200,000 after purchasing an additional 30,101 shares during the last quarter. 20.81% of the stock is currently owned by institutional investors.
NASDAQ:TWMC traded up $0.34 during mid-day trading on Tuesday, reaching $7.95. 274 shares of the company were exchanged, compared to its average volume of 18,361. Trans World Entertainment has a 12 month low of $1.68 and a 12 month high of $9.72. The company has a fifty day moving average of $5.73 and a 200 day moving average of $4.08. The company has a quick ratio of 0.21, a current ratio of 1.38 and a debt-to-equity ratio of 2.94. The stock has a market cap of $12.52 million, a PE ratio of -0.14 and a beta of 0.72.
About Trans World Entertainment
Trans World Entertainment Corporation, together with its subsidiaries, operates as a specialty retailer of entertainment products. The company operates in two segments, For Your Entertainment (fye) and etailz. The fye segment offers trend, video, music, electronics, and related products, as well as used compact discs, DVDs, Blu-Ray, and video games through its retail stores and e-commerce sites.
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