Walter Energy Short Interest Up 10.6% in June (WLT)
Shares of Walter Energy (NYSE:WLT) saw a large increase in short interest in the month of June. As of June 13th, there was short interest totalling 40,374,819 shares, an increase of 10.6% from the May 30th total of 36,497,253 shares, American Banking & Market News reports. Based on an average daily trading volume, of 5,568,171 shares, the short-interest ratio is presently 7.3 days. Approximately 62.1% of the company’s stock are sold short.
A number of analysts have recently weighed in on WLT shares. Analysts at Zacks reiterated a “neutral” rating on shares of Walter Energy in a research note on Monday, June 30th. They now have a $5.75 price target on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of Walter Energy in a research note on Wednesday, June 4th. They now have a $4.00 price target on the stock, down previously from $5.00. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. Walter Energy currently has a consensus rating of “Hold” and a consensus price target of $10.07.
Shares of Walter Energy (NYSE:WLT) opened at 6.33 on Monday. Walter Energy has a 52-week low of $4.25 and a 52-week high of $19.50. The stock’s 50-day moving average is $5.35 and its 200-day moving average is $9.13. The company’s market cap is $416.7 million.
Walter Energy (NYSE:WLT) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.22) by $0.28. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $447.21 million. During the same quarter in the previous year, the company posted ($0.64) earnings per share. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. Analysts expect that Walter Energy will post $-5.54 EPS for the current fiscal year.
Walter Energy, Inc, is a producer and exporter of metallurgical coals for the global steel industry. The Company also produces thermal coal and industrial coal, anthracite, metallurgical coke, coal bed methane gas (NYSE:WLT) and other related products.
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