Breaking Short Interest: What’s in Wingstop Incorporated (NASDAQ:WING) After Rise in Shorted Shares?

November 21, 2016 - By Nellie Frank   ·   0 Comments

Breaking Short Interest: What’s in Wingstop Incorporated (NASDAQ:WING) After Rise in Shorted Shares?

The stock of Wingstop Incorporated (NASDAQ:WING) registered an increase of 14.78% in short interest. WING’s total short interest was 3.02 million shares in November as published by FINRA. Its up 14.78% from 2.63M shares, reported previously. With 281,600 shares average volume, it will take short sellers 11 days to cover their WING’s short positions. The short interest to Wingstop Incorporated’s float is 15.4%. About 64,230 shares traded hands. Wingstop Inc (NASDAQ:WING) has risen 19.59% since April 19, 2016 and is uptrending. It has outperformed by 15.73% the S&P500.

Wingstop Inc. is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The company has a market cap of $848.08 million. The Firm offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It has a 57.95 P/E ratio. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting.

Wingstop Inc (NASDAQ:WING) Ratings Coverage

Out of 8 analysts covering Wingstop (NASDAQ:WING), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Wingstop has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Guggenheim initiated the shares of WING in a report on Tuesday, December 1 with “Buy” rating. Cowen & Co initiated the shares of WING in a report on Tuesday, April 19 with “Outperform” rating. The company was upgraded on Monday, November 14 by Wells Fargo. The rating was initiated by SunTrust on Thursday, October 8 with “Buy”. Goldman Sachs maintained the stock with “Buy” rating in Friday, August 12 report. The firm has “Buy” rating given on Friday, April 1 by Goldman Sachs. As per Thursday, October 8, the company rating was initiated by Suntrust Robinson.

WING Company Profile

Wingstop Inc., incorporated on March 18, 2015, is franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Firm offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting. The flavors include Atomic, Mango Habanero, Cajun, Original Hot, Louisiana Rub, Mild, Hickory Smoked BBQ, Lemon Pepper, Garlic Parmesan, Hawaiian and Teriyaki. It offers various order options, including eat-in, to go, individual, combo meals and family packs. The Firm operates through two divisions: Franchise and Company.

More notable recent Wingstop Inc (NASDAQ:WING) news were published by: Fool.com which released: “Why Wingstop Inc. Stock Climbed 15% in August” on September 14, 2016, also Fool.com with their article: “Here’s Why Wingstop Inc. Gained 12% in May” published on June 12, 2016, Globenewswire.com published: “Wingstop Inc. Announces Secondary Offering” on November 02, 2016. More interesting news about Wingstop Inc (NASDAQ:WING) were released by: Globenewswire.com and their article: “Wingstop Inc. Names Industry Veteran Darryl Marsch General Counsel” published on July 26, 2016 as well as Globenewswire.com‘s news article titled: “Wingstop Inc. Appoints Wesley McDonald to Board of Directors” with publication date: May 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Nellie Frank


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>