Washington Federal Short Interest Up 36.7% in April (WAFD)
Washington Federal (NASDAQ:WAFD) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,049,494 shares, a growth of 36.7% from the April 15th total of 767,647 shares, AR Network reports. Based on an average trading volume of 376,481 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.0% of the company’s shares are sold short.
A number of analysts have recently weighed in on WAFD shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Washington Federal in a research note on Wednesday, April 16th. They now have a $23.50 price target on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Washington Federal in a research note on Monday, March 24th. They now have a $27.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.75.
Washington Federal (NASDAQ:WAFD) opened at 20.37 on Monday. Washington Federal has a 1-year low of $16.87 and a 1-year high of $24.53. The stock has a 50-day moving average of $21.88 and a 200-day moving average of $22.6. The company has a market cap of $2.064 billion and a price-to-earnings ratio of 13.27.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. Analysts expect that Washington Federal will post $1.52 EPS for the current fiscal year.
Washington Federal, Inc is a non-diversified unitary savings and loan holding company, which conducts its operations through a federally-insured savings association subsidiary, Washington Federal (NASDAQ:WAFD).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.