Soho House & Co Inc. (NYSE:SHCO) Sees Significant Increase in Short Interest

Soho House & Co Inc. (NYSE:SHCO) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,990,000 shares, a growth of 40.1% from the February 28th total of 1,420,000 shares. Based on an average daily trading volume, of 657,800 shares, the days-to-cover ratio is presently 3.0 days. Approximately 4.6% of the company’s shares are short sold.

Institutional Trading of Soho House & Co Inc.

A number of institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Soho House & Co Inc. by 53.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company’s stock valued at $1,083,000 after acquiring an additional 50,723 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Soho House & Co Inc. during the fourth quarter valued at approximately $790,000. BNP Paribas Financial Markets bought a new position in Soho House & Co Inc. in the fourth quarter valued at approximately $182,000. Algert Global LLC increased its position in shares of Soho House & Co Inc. by 2.7% during the 4th quarter. Algert Global LLC now owns 122,811 shares of the company’s stock worth $915,000 after purchasing an additional 3,202 shares during the last quarter. Finally, Third Point LLC bought a new stake in shares of Soho House & Co Inc. during the 4th quarter worth approximately $17,523,000. Institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Stock Performance

SHCO stock traded down $0.03 during mid-day trading on Monday, hitting $6.22. 332,980 shares of the company were exchanged, compared to its average volume of 298,954. The firm has a market cap of $1.21 billion, a P/E ratio of -8.88 and a beta of 0.55. The firm’s 50 day simple moving average is $7.16 and its 200 day simple moving average is $6.25. Soho House & Co Inc. has a 1-year low of $4.43 and a 1-year high of $8.47.

About Soho House & Co Inc.

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.