The stock of The Western Union Company (NYSE:WU) registered a decrease of 2.75% in short interest. WU’s total short interest was 59.85M shares in September as published by FINRA. Its down 2.75% from 61.54M shares, reported previously. With 3.23 million shares average volume, it will take short sellers 19 days to cover their WU’s short positions. The short interest to The Western Union Company’s float is 12.3%. The stock decreased 1.91% or $0.4 on September 13, hitting $20.57. About 3.05M shares traded hands. The Western Union Company (NYSE:WU) has risen 20.45% since February 8, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.
The Western Union Company is a well-known provider of money movement and payment services. The company has a market cap of $10.14 billion. The Firm operates through three divisions: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. It has a 12.42 P/E ratio. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
The institutional sentiment is 0.86 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 48 funds sold all The Western Union Company shares owned while 194 reduced positions. only 44 funds bought stakes while 163 increased positions. They now own 492.26 million shares or 1.87% less from 501.63 million shares in 2016Q1.
Abrams Capital Management L.P. holds 21.65% of its portfolio in The Western Union Company for 21.61 million shares. Clarkston Capital Partners Llc owns 6.14 million shares or 6.14% of their US portfolio. Moreover, Kempner Capital Management Inc. has 5.1% invested in the company for 414,396 shares. The Florida-based Intrepid Capital Management Inc has invested 4.1% in the stock. Lesa Sroufe & Co, a Washington-based fund reported 235,357 shares.
Out of 7 analysts covering The Western Union Company (NYSE:WU), 1 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 14% are positive. The Western Union Company has been the topic of 8 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Monness Crespi & Hardt downgraded the stock on September 8 to “Neutral” rating.
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