November 21, 2016 - By Dolores Ford · 0 Comments
The stock of Wipro Limited (NYSE:WIT) registered a decrease of 2.34% in short interest. WIT’s total short interest was 14.40 million shares in November as published by FINRA. Its down 2.34% from 14.74M shares, reported previously. With 754,500 shares average volume, it will take short sellers 19 days to cover their WIT’s short positions. The short interest to Wipro Limited’s float is 2.2%. About 87,141 shares traded hands. Wipro Limited (ADR) (NYSE:WIT) has declined 28.76% since April 19, 2016 and is downtrending. It has underperformed by 32.62% the S&P500.
Wipro Limited is a global information technology (IT) services provider. The company has a market cap of $15.68 billion. It operates through two divisions: IT Services and IT Products. It has a 18 P/E ratio. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.
Out of 7 analysts covering Wipro Limited (NYSE:WIT), 0 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 0 are positive. Wipro Limited has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, August 5 by Zacks. The stock of Wipro Limited (ADR) (NYSE:WIT) has “Sell” rating given on Thursday, April 21 by Citigroup. The firm earned “Reduce” rating on Monday, October 24 by Nomura. The firm has “Hold” rating by Zacks given on Tuesday, September 22. As per Tuesday, August 9, the company rating was downgraded by HSBC. The stock of Wipro Limited (ADR) (NYSE:WIT) has “Equal-Weight” rating given on Thursday, February 11 by Morgan Stanley. The firm has “Underperform” rating given on Thursday, December 17 by Sterne Agee CRT. Wedbush initiated Wipro Limited (ADR) (NYSE:WIT) on Friday, September 9 with “Underperform” rating.
Wipro Limited (Wipro), incorporated on December 29, 1945, is a global information technology (IT) services provider. It operates through two divisions: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services. IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services.
Another recent and important Wipro Limited (ADR) (NYSE:WIT) news was published by Zacks.com which published an article titled: “Wipro Ltd-adr: (WIT)” on October 01, 2002.
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By Dolores Ford