Short Interest Coverage: Is Buying Weis Markets Incorporated (NYSE:WMK), Having Higher Short Interest a Winning Strategy?

November 21, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Coverage: Is Buying Weis Markets Incorporated (NYSE:WMK), Having Higher Short Interest a Winning Strategy?

The stock of Weis Markets Incorporated (NYSE:WMK) registered an increase of 4.1% in short interest. WMK’s total short interest was 274,100 shares in November as published by FINRA. Its up 4.1% from 263,300 shares, reported previously. With 62,500 shares average volume, it will take short sellers 4 days to cover their WMK’s short positions. The short interest to Weis Markets Incorporated’s float is 10.61%. About 13,193 shares traded hands. Weis Markets, Inc. (NYSE:WMK) has risen 31.56% since April 19, 2016 and is uptrending. It has outperformed by 27.70% the S&P500.

Weis Markets, Inc. is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The company has a market cap of $1.61 billion. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. It has a 26.19 P/E ratio. The Firm advertises its products and promotes its brand through weekly newspaper circulars; radio ads; e-mail blasts, and online via its Website, social media and mobile applications.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.38, from 1.08 in 2016Q1. The ratio is positive, as 5 funds sold all Weis Markets, Inc. shares owned while 35 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 11.34 million shares or 41.74% more from 8.00 million shares in 2016Q1.
Blackrock Inv Mgmt Lc accumulated 39,818 shares or 0% of the stock. Teacher Retirement System Of Texas, a Texas-based fund reported 1,694 shares. Globeflex Capital Limited Partnership holds 0.11% of its portfolio in Weis Markets, Inc. (NYSE:WMK) for 7,646 shares. Numeric Investors Ltd, a Massachusetts-based fund reported 18,266 shares. Tiaa Cref Mgmt Limited Liability Corp reported 28,157 shares or 0% of all its holdings. Moreover, Ameriprise Inc has 0% invested in Weis Markets, Inc. (NYSE:WMK) for 80,886 shares. Nationwide Fund Advsr last reported 22,270 shares in the company. Paloma Prtn Mngmt last reported 9,064 shares in the company. Gsa Capital Prtnrs Ltd Liability Partnership has 0.02% invested in the company for 7,905 shares. California Employees Retirement last reported 25,500 shares in the company. Millennium Lc accumulated 0% or 12,861 shares. Dalton Greiner Hartman Maher And owns 297,433 shares or 0.93% of their US portfolio. Morgan Dempsey Capital Management Limited Liability Corp last reported 92,925 shares in the company. Northern Trust has 188,330 shares for 0% of their US portfolio. Citigroup Incorporated has 0% invested in the company for 5,428 shares.

WMK Company Profile

Weis Markets, Inc., incorporated on December 18, 1924, is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. The Firm advertises its products and promotes its brand through weekly newspaper circulars; radio ads; e-mail blasts, and online via its Website, social media and mobile applications. Printed circulars are used on a weekly basis to advertise featured items.

More notable recent Weis Markets, Inc. (NYSE:WMK) news were published by: Prnewswire.com which released: “Weis Markets Announces Third Quarter Results” on October 31, 2016, also Prnewswire.com with their article: “Weis Markets Completes 44 Store Conversions On Heels Of Recent Acquisitions” published on November 08, 2016, Prnewswire.com published: “Weis Markets Appoints New Chief Information Officer” on October 14, 2016. More interesting news about Weis Markets, Inc. (NYSE:WMK) were released by: Baltimoresun.com and their article: “Weis Markets converts two more former Food Lions in Maryland” published on September 29, 2016 as well as Prnewswire.com‘s news article titled: “Robert F. Weis, Former Chairman of Weis Markets, Inc., Passes Away at 96” with publication date: October 20, 2015.

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By Adrian Mccoy


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