Short Interest of The Day: Westmoreland Coal Company (NASDAQ:WLB) Sellers Covered 12.09% of Their Shorts

November 21, 2016 - By Vivian Park   ·   0 Comments

Short Interest of The Day: Westmoreland Coal Company (NASDAQ:WLB) Sellers Covered 12.09% of Their Shorts

The stock of Westmoreland Coal Company (NASDAQ:WLB) registered a decrease of 12.09% in short interest. WLB’s total short interest was 1.03M shares in November as published by FINRA. Its down 12.09% from 1.17M shares, reported previously. With 127,300 shares average volume, it will take short sellers 8 days to cover their WLB’s short positions. The short interest to Westmoreland Coal Company’s float is 8.13%. About 258,718 shares traded hands. Westmoreland Coal Company (NASDAQ:WLB) has risen 103.68% since April 19, 2016 and is uptrending. It has outperformed by 99.82% the S&P500.

Westmoreland Coal Company is an energy company. The company has a market cap of $270.12 million. The Firm operates through six divisions: Coal – U.S., Coal – Canada, Coal – Westmoreland Resource Partners, LP , Power, Heritage and Corporate. It currently has negative earnings. Coal – U.S. segment includes the activities of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico.

Insitutional Activity: The institutional sentiment increased to 2.19 in 2016 Q2. Its up 0.89, from 1.3 in 2016Q1. The ratio is positive, as 14 funds sold all Westmoreland Coal Company shares owned while 16 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 11.26 million shares or 28.48% less from 15.75 million shares in 2016Q1.
Millennium Mgmt Llc reported 119,993 shares or 0% of all its holdings. State Common Retirement Fund, a New York-based fund reported 16,300 shares. Legal General Grp Public Limited Co, a United Kingdom-based fund reported 2,151 shares. Goldman Sachs holds 0% or 39,341 shares in its portfolio. Citadel Limited Liability Company has 0% invested in the company for 37,956 shares. Amer Interest accumulated 10,602 shares or 0% of the stock. Highbridge Cap Mngmt Lc has invested 0.01% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Northern Trust has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Boston Partners accumulated 1.05 million shares or 0.01% of the stock. Farmstead Management has 732,061 shares for 2.73% of their US portfolio. Moreover, Tower (Trc) has 0% invested in Westmoreland Coal Company (NASDAQ:WLB) for 407 shares. Moreover, Diam Ltd has 0.01% invested in Westmoreland Coal Company (NASDAQ:WLB) for 52,200 shares. Blackrock reported 6,207 shares or 0% of all its holdings. Barclays Pcl holds 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 53 shares. Peak6 Investments Limited Partnership last reported 0% of its portfolio in the stock.

Westmoreland Coal Company (NASDAQ:WLB) Ratings Coverage

Out of 4 analysts covering Westmoreland Coal (NASDAQ:WLB), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Westmoreland Coal has been the topic of 8 analyst reports since September 1, 2015 according to StockzIntelligence Inc. On Friday, November 4 the stock rating was initiated by Seaport Global Securities with “Buy”. The firm has “Outperform” rating by FBR Capital given on Monday, November 16. FBR Capital initiated the stock with “Outperform” rating in Friday, September 18 report. The stock of Westmoreland Coal Company (NASDAQ:WLB) earned “Outperform” rating by FBR Capital on Thursday, October 13. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, September 4 report. The stock has “Outperform” rating given by BMO Capital Markets on Tuesday, September 1. ForwardView Consulting downgraded Westmoreland Coal Company (NASDAQ:WLB) on Tuesday, February 9 to “Speculative Buy” rating. FBR Capital maintained Westmoreland Coal Company (NASDAQ:WLB) rating on Wednesday, November 9. FBR Capital has “Outperform” rating and $16 price target.

WLB Company Profile

Westmoreland Coal Company, incorporated on May 4, 1910, is an energy company. The Firm operates through six divisions: Coal – U.S., Coal – Canada, Coal – Westmoreland Resource Partners, LP (WMLP), Power, Heritage and Corporate. Coal – U.S. segment includes the activities of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. Coal – Canada segment includes the activities of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the activities of Westmoreland Resource Partners, LP, a coal master limited partnership. Power segment includes its Roanoke Valley Power Facility (ROVA) activities located in North Carolina. Heritage segment includes the benefits the Company provides to former mining operation employees, as well as other administrative costs associated with providing those benefits and cost containment efforts. Corporate segment consists of corporate administrative expenses. The Company’s activities include over 10 coal mines in the United States and Canada, a char production facility, stake in an activated carbon plant, and approximately two coal-fired power generation units. The Firm produces and sells thermal coal primarily to investment grade utility clients under long-term cost-protected contracts, as well as to industrial clients and barbeque briquettes manufacturers.

More notable recent Westmoreland Coal Company (NASDAQ:WLB) news were published by: Seekingalpha.com which released: “Westmoreland Coal CFO Veenstra to resign” on November 21, 2016, also Moodys.com with their article: “Moody’s downgrades Westmoreland Coal Company’s CFR to Caa1; outlook stable” published on March 01, 2016, Seekingalpha.com published: “Westmoreland Coal Company: Excellent Short Candidate And Bankruptcy Protection …” on April 20, 2016. More interesting news about Westmoreland Coal Company (NASDAQ:WLB) were released by: Seekingalpha.com and their article: “Westmoreland Coal Company’s (WLB) CEO Kevin Paprzycki on Q1 2016 Results …” published on May 10, 2016 as well as Businesswire.com‘s news article titled: “Westmoreland Coal Company Appoints Gary Kohn Vice President of Investor Relations” with publication date: April 05, 2016.

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By Vivian Park


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