The Western Union Company Sees Significant Increase in Short Interest (WU)
Shares of The Western Union Company (NYSE:WU) saw a large growth in short interest in May. As of May 30th, there was short interest totalling 57,020,379 shares, a growth of 6.1% from the May 15th total of 53,758,682 shares, American Banking News reports. Currently, 10.6% of the shares of the company are short sold. Based on an average trading volume of 5,827,867 shares, the days-to-cover ratio is presently 9.8 days.
Several analysts have recently commented on the stock. Analysts at Monness Crespi & Hardt initiated coverage on shares of The Western Union Company in a research note on Wednesday, June 18th. They set a “neutral” rating and a $17.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of The Western Union Company from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Western Union Company in a research note on Tuesday, May 27th. They now have a $17.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.11.
The Western Union Company (NYSE:WU) opened at 16.52 on Monday. The Western Union Company has a one year low of $14.60 and a one year high of $19.50. The stock’s 50-day moving average is $16.1 and its 200-day moving average is $16.2. The company has a market cap of $8.903 billion and a price-to-earnings ratio of 11.45.
The Western Union Company (NYSE:WU) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that The Western Union Company will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, June 12th.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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