The Western Union Company Sees Significant Increase in Short Interest (WU)
Shares of The Western Union Company (NYSE:WU) were the target of a large growth in short interest in June. As of June 13th, there was short interest totalling 65,060,323 shares, a growth of 14.1% from the May 30th total of 57,020,379 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 4,898,244 shares, the days-to-cover ratio is presently 13.3 days. Currently, 12.1% of the shares of the stock are sold short.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of The Western Union Company from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, 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. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The Western Union Company currently has an average rating of “Hold” and an average price target of $18.11.
Shares of The Western Union Company (NYSE:WU) opened at 17.39 on Friday. The Western Union Company has a 52 week low of $14.60 and a 52 week high of $19.50. The stock has a 50-day moving average of $16.34 and a 200-day moving average of $16.30. The company has a market cap of $9.372 billion and a price-to-earnings ratio of 12.10.
The Western Union Company (NYSE:WU) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.37 earnings per share. The Western Union Company’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that The Western Union Company will post $1.45 EPS for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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