WMIH Corp (COOP) Short Interest Update

WMIH Corp (NASDAQ:COOP) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,307,400 shares, an increase of 89.9% from the October 15th total of 1,215,177 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average daily volume of 782,538 shares, the short-interest ratio is currently 2.9 days.

A number of analysts recently issued reports on COOP shares. Barclays set a $17.00 price objective on WMIH and gave the company a “sell” rating in a research report on Tuesday, October 16th. Wedbush reissued a “buy” rating and set a $23.00 price objective on shares of WMIH in a research report on Wednesday, October 17th. Zacks Investment Research cut WMIH from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Piper Jaffray Companies raised WMIH from an “underweight” rating to a “neutral” rating in a research report on Tuesday, October 30th.

COOP opened at $15.11 on Friday. The firm has a market cap of $257.91 million, a P/E ratio of 125.92 and a beta of -0.63. WMIH has a 1 year low of $7.20 and a 1 year high of $20.04.

WMIH (NASDAQ:COOP) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. WMIH had a return on equity of 18.07% and a net margin of 229.44%. Equities analysts forecast that WMIH will post 2.06 EPS for the current year.

A hedge fund recently bought a new stake in WMIH stock. Thompson Siegel & Walmsley LLC bought a new stake in shares of WMIH Corp (NASDAQ:COOP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,859,225 shares of the company’s stock, valued at approximately $9,534,000. Thompson Siegel & Walmsley LLC owned approximately 38.00% of WMIH at the end of the most recent reporting period.

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About WMIH

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.

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