West Corp Short Interest Up 41.3% in July (WSTC)
Shares of West Corp (NASDAQ:WSTC) were the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,726,262 shares, a growth of 41.3% from the June 30th total of 1,221,806 shares, Stock Ratings News reports. Based on an average daily volume of 232,228 shares, the days-to-cover ratio is currently 7.4 days. Approximately 7.5% of the company’s shares are sold short.
A number of research firms have recently commented on WSTC. Analysts at Zacks upgraded shares of West Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $29.90 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of West Corp from $28.00 to $33.00 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of West Corp from $30.00 to $31.00 in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. West Corp has an average rating of “Buy” and a consensus target price of $29.13.
West Corp (NASDAQ:WSTC) opened at 25.77 on Wednesday. West Corp has a 52 week low of $21.16 and a 52 week high of $27.85. The stock’s 50-day moving average is $26.93 and its 200-day moving average is $25.26. The company has a market cap of $2.163 billion and a price-to-earnings ratio of 12.00.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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