Important Short Interest Filing: After Reaching Milestone, Is Wolverine World Wide Incorporated (NYSE:WWW)’s Short Interest Revealing Something?

November 21, 2016 - By Clifton Ray   ·   0 Comments

Important Short Interest Filing: After Reaching Milestone, Is Wolverine World Wide Incorporated (NYSE:WWW)’s Short Interest Revealing Something?

The stock of Wolverine World Wide Incorporated (NYSE:WWW) registered a decrease of 2.54% in short interest. WWW’s total short interest was 4.24 million shares in November as published by FINRA. Its down 2.54% from 4.35 million shares, reported previously. With 732,400 shares average volume, it will take short sellers 6 days to cover their WWW’s short positions. The short interest to Wolverine World Wide Incorporated’s float is 4.44%. About 160,253 shares traded hands. Wolverine World Wide, Inc. (NYSE:WWW) has risen 26.89% since April 19, 2016 and is uptrending. It has outperformed by 23.03% the S&P500.

Wolverine World Wide, Inc. is a designer, maker and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The company has a market cap of $2.37 billion. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors. It has a 23.53 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.07, from 0.96 in 2016Q1. The ratio increased, as 41 funds sold all Wolverine World Wide, Inc. shares owned while 62 reduced positions. 28 funds bought stakes while 71 increased positions. They now own 87.37 million shares or 4.09% more from 83.94 million shares in 2016Q1.
Quantitative Systematic Strategies Lc has invested 0.1% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW). Pinnacle Finance Prns Inc accumulated 2,808 shares or 0.01% of the stock. Edge Wealth Management Ltd Liability Corp holds 0.01% or 1,000 shares in its portfolio. Rhumbline Advisers last reported 159,153 shares in the company. Etrade Limited Liability Corporation has invested 0.01% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW). Diam accumulated 0.05% or 171,474 shares. Signaturefd Limited Company owns 98 shares or 0% of their US portfolio. Regions Financial has 0.02% invested in the company for 62,703 shares. Ftb Advisors has 515 shares for 0% of their US portfolio. Dreman Value Mngmt L L C holds 0.01% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW) for 633 shares. Citadel Advisors Limited last reported 0% of its portfolio in the stock. The California-based Wells Fargo Co Mn has invested 0% in Wolverine World Wide, Inc. (NYSE:WWW). Macquarie Gp Limited accumulated 1.49 million shares or 0.06% of the stock. Moreover, Arrowpoint Asset Ltd has 1.49% invested in Wolverine World Wide, Inc. (NYSE:WWW) for 3.62M shares. Louisiana State Employees Retirement Systems owns 44,100 shares or 0.05% of their US portfolio.

Insider Transactions: Since November 7, 2016, the stock had 0 buys, and 1 insider sale for $47,305 net activity. The insider GERBER WILLIAM K sold 2,162 shares worth $47,305.

Wolverine World Wide, Inc. (NYSE:WWW) Ratings Coverage

Out of 14 analysts covering Wolverine (NYSE:WWW), 3 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 21% are positive. Wolverine has been the topic of 25 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the stock with “Market Perform” rating in Wednesday, October 21 report. The firm earned “Underperform” rating on Wednesday, October 21 by Sterne Agee CRT. Piper Jaffray maintained Wolverine World Wide, Inc. (NYSE:WWW) rating on Wednesday, August 12. Piper Jaffray has “Hold” rating and $27 price target. On Thursday, September 17 the stock rating was downgraded by DA Davidson to “Neutral”. The stock of Wolverine World Wide, Inc. (NYSE:WWW) earned “Hold” rating by Stifel Nicolaus on Monday, August 10. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report. The firm earned “Market Perform” rating on Thursday, September 17 by Telsey Advisory Group. The stock of Wolverine World Wide, Inc. (NYSE:WWW) earned “Underperform” rating by Sterne Agee CRT on Wednesday, April 27. As per Wednesday, October 21, the company rating was maintained by Stifel Nicolaus. Citigroup upgraded the shares of WWW in a report on Wednesday, September 23 to “Neutral” rating.

WWW Company Profile

Wolverine World Wide, Inc., incorporated on March 3, 1969, is a designer, maker and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors. The Firm operates in three operating divisions: Lifestyle Group, consisting of Sperry footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, and Chaco footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear and HyTest safety footwear. The Other category consists of the Company’s multi-brand consumer-direct business and leather business. The multi-brand consumer-direct division includes brick and mortar and e-commerce activities that sell and distribute footwear and apparel from the Company’s brand portfolio and other brands. The Wolverine Leathers Division markets pigskin leather for use primarily in the footwear industry.

Another recent and important Wolverine World Wide, Inc. (NYSE:WWW) news was published by Equitiesfocus.com which published an article titled: “Wolverine World Wide, Inc. (NYSE:WWW) Quarterly EPS From Continuing Operations …” on November 21, 2016.

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By Clifton Ray


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