WisdomTree Investments Short Interest Up 17.7% in April (WETF)
WisdomTree Investments (NASDAQ:WETF) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 14,686,370 shares, an increase of 17.7% from the March 31st total of 12,480,626 shares, AnalystRatingsNetwork.com reports. Approximately 13.7% of the shares of the company are short sold. Based on an average daily volume of 2,795,224 shares, the short-interest ratio is currently 5.3 days.
A number of analysts have recently weighed in on WETF shares. Analysts at Ned Davis Research upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at Susquehanna cut their price target on shares of WisdomTree Investments from $16.00 to $13.00 in a research note on Tuesday, March 25th. Finally, analysts at Citigroup Inc. downgraded shares of WisdomTree Investments from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 19th. They now have a $11.00 price target on the stock, down previously from $14.00. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.71.
WisdomTree Investments (NASDAQ:WETF) opened at 11.29 on Thursday. WisdomTree Investments has a 1-year low of $5.71 and a 1-year high of $14.13. The stock has a 50-day moving average of $12.46 and a 200-day moving average of $14.48. The company has a market cap of $1.472 billion and a P/E ratio of 30.38.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.12. The company had revenue of $43.20 million for the quarter, compared to the consensus estimate of $42.79 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 83.1% on a year-over-year basis. Analysts expect that WisdomTree Investments will post $0.48 EPS for the current fiscal year.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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