Short Interest of The Day: What’s Propelling Watts Water Tech Class A (NYSE:WTS) After Higher Shorts Reported?

November 21, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest of The Day: What’s Propelling Watts Water Tech Class A (NYSE:WTS) After Higher Shorts Reported?

The stock of Watts Water Tech Class A (NYSE:WTS) registered an increase of 1.53% in short interest. WTS’s total short interest was 1.24 million shares in November as published by FINRA. Its up 1.53% from 1.22M shares, reported previously. With 107,000 shares average volume, it will take short sellers 12 days to cover their WTS’s short positions. The short interest to Watts Water Tech Class A’s float is 4.94%. About 120,953 shares traded hands. Watts Water Technologies Inc (NYSE:WTS) has risen 21.12% since April 19, 2016 and is uptrending. It has outperformed by 17.26% the S&P500.

Watts Water Technologies, Inc. is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company has a market cap of $2.35 billion. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. It currently has negative earnings. The Company’s operating divisions include Americas, EMEA and Asia-Pacific.

Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.23, from 0.86 in 2016Q1. The ratio improved, as 11 funds sold all Watts Water Technologies Inc shares owned while 61 reduced positions. 14 funds bought stakes while 48 increased positions. They now own 27.29 million shares or 0.45% less from 27.41 million shares in 2016Q1.
Profund Ltd Liability Corp accumulated 0.02% or 6,703 shares. Paradigm Asset Mgmt Lc has invested 0% of its portfolio in Watts Water Technologies Inc (NYSE:WTS). Independent Inc has 25,196 shares for 0.71% of their US portfolio. Gamco Et Al has 0.59% invested in the company for 1.53M shares. The Illinois-based Segall Bryant And Hamill Limited Liability Com has invested 0.19% in Watts Water Technologies Inc (NYSE:WTS). Moreover, Guggenheim Cap Ltd Com has 0.01% invested in Watts Water Technologies Inc (NYSE:WTS) for 80,281 shares. Price T Rowe Assoc Inc Md last reported 0.01% of its portfolio in the stock. Manufacturers Life Ins Comm The has 18,967 shares for 0% of their US portfolio. Goldman Sachs Group Inc has 957,933 shares for 0.02% of their US portfolio. Rhumbline Advisers last reported 40,812 shares in the company. Comerica National Bank last reported 27,826 shares in the company. Citigroup has 13,035 shares for 0% of their US portfolio. Timessquare Capital Mngmt Lc holds 0.16% or 427,870 shares in its portfolio. Great West Life Assurance Company Can has 0% invested in the company for 2,258 shares. Teachers Advsr has 44,446 shares for 0% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 9 sales for $7.39 million net activity. $580,000 worth of Watts Water Technologies Inc (NYSE:WTS) shares were sold by Lepage Kenneth Robert. 6,143 shares with value of $416,355 were sold by Melhem Elie on Friday, November 11. 25,000 shares were sold by HORNE TIMOTHY P, worth $1.43M. The insider CATHCART RICHARD J sold 1,000 shares worth $68,466. The insider Noonan Joseph T sold 3,922 shares worth $225,334.

Watts Water Technologies Inc (NYSE:WTS) Ratings Coverage

Out of 6 analysts covering Watts Water Technologies (NYSE:WTS), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Watts Water Technologies has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Buy” on Monday, September 21. On Monday, January 4 the stock rating was downgraded by Oppenheimer to “Perform”. Cowen & Co upgraded it to “Market Perform” rating and $55 target price in Monday, August 17 report. The rating was upgraded by BB&T Capital to “Buy” on Friday, May 6. The stock has “Neutral” rating given by Seaport Global on Friday, June 10. The rating was initiated by Northcoast on Friday, July 8 with “Neutral”.

WTS Company Profile

Watts Water Technologies, Inc. (Watts), incorporated on September 2, 2003, is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. The Company’s operating divisions include Americas, EMEA and Asia-Pacific. The Firm distributes its products through primary distribution channels, including wholesale, original equipment manufacturers (OEMs) and do-it-yourself (DIY). The Firm offers a range of products in terms of design distinction, size and configuration. It offers products in four product lines, including residential and commercial flow control products; heating, ventilation and air conditioning (HVAC) and gas products; drainage and water re-use products, and water quality products.

More important recent Watts Water Technologies Inc (NYSE:WTS) news were published by: Businesswire.com which released: “Watts Water Technologies, Inc. Appoints Debra J. Ogston as Chief Human …” on October 19, 2015, also Businesswire.com published article titled: “Watts Water Technologies, Inc. to Ring the NYSE Closing Bell”, Businesswire.com published: “Watts Water Technologies Third Quarter 2016 Earnings Conference Call” on October 14, 2016. More interesting news about Watts Water Technologies Inc (NYSE:WTS) was released by: Businesswire.com and their article: “Watts Water Technologies Reports Third Quarter 2016 Results and Announces the …” with publication date: November 02, 2016.

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By Adrian Mccoy


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