Trans World Entertainment Co. (NASDAQ:TWMC) was the recipient of a large drop in short interest in the month of November. As of November 29th, there was short interest totalling 117,800 shares, a drop of 9.7% from the November 14th total of 130,400 shares. Currently, 17.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,800 shares, the days-to-cover ratio is presently 1.7 days.
TWMC stock opened at $3.21 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 0.23. Trans World Entertainment has a 12 month low of $2.39 and a 12 month high of $20.00. The company’s 50-day moving average price is $2.90 and its two-hundred day moving average price is $2.11.
Separately, ValuEngine lowered shares of Trans World Entertainment from a “buy” rating to a “hold” rating in a report on Friday, November 1st.
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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