Short Interest Report: What Will Happen to Wabash National Corporation (NYSE:WNC) Next? The Stock Has Decline in Shorts

November 21, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Report: What Will Happen to Wabash National Corporation (NYSE:WNC) Next? The Stock Has Decline in Shorts

The stock of Wabash National Corporation (NYSE:WNC) registered a decrease of 0.62% in short interest. WNC’s total short interest was 14.78M shares in November as published by FINRA. Its down 0.62% from 14.88 million shares, reported previously. With 928,400 shares average volume, it will take short sellers 16 days to cover their WNC’s short positions. The short interest to Wabash National Corporation’s float is 23.53%. About 270,885 shares traded hands. Wabash National Corporation (NYSE:WNC) has declined 1.70% since April 19, 2016 and is downtrending. It has underperformed by 5.56% the S&P500.

Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The company has a market cap of $801.52 million. The Company’s divisions include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. It has a 6.63 P/E ratio. The Commercial Trailer Products segment makes standard and customized van and platform trailers.

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.07, from 0.98 in 2016Q1. The ratio improved, as 19 funds sold all Wabash National Corporation shares owned while 79 reduced positions. 22 funds bought stakes while 74 increased positions. They now own 72.98 million shares or 6.22% more from 68.71 million shares in 2016Q1.
Pillar Pacific Cap Management Ltd Liability Com last reported 0.05% of its portfolio in the stock. Nationwide Fund accumulated 51,191 shares or 0% of the stock. Blackrock last reported 0% of its portfolio in the stock. Us Financial Bank De accumulated 4,473 shares or 0% of the stock. Price T Rowe Assocs Md holds 0% of its portfolio in Wabash National Corporation (NYSE:WNC) for 20,100 shares. Clinton Group Inc holds 95,363 shares or 0.05% of its portfolio. Parametric Assocs Ltd Liability has invested 0% of its portfolio in Wabash National Corporation (NYSE:WNC). Nordea Investment holds 0% or 46,814 shares in its portfolio. Meeder Asset Management, a Ohio-based fund reported 14,415 shares. Virginia Retirement Et Al has invested 0.02% of its portfolio in Wabash National Corporation (NYSE:WNC). Landscape Limited Liability Corp holds 44,500 shares or 0.07% of its portfolio. Oxford Asset Mngmt last reported 341,574 shares in the company. Deere & holds 0.06% or 89,197 shares in its portfolio. Piedmont Invest Advsr Ltd Liability Co has invested 0% of its portfolio in Wabash National Corporation (NYSE:WNC). Deutsche National Bank Ag has 687,760 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 insider sales for $367,388 net activity. Roth Erin Jennifer had sold 18,150 shares worth $258,638. Yeagy Brent L had sold 22,987 shares worth $320,669 on Tuesday, May 24.

Wabash National Corporation (NYSE:WNC) Ratings Coverage

Out of 5 analysts covering Wabash National Corp (NYSE:WNC), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Wabash National Corp has been the topic of 7 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by CLSA on Friday, September 30. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, December 8. The company was downgraded on Tuesday, June 14 by Stifel Nicolaus. The stock of Wabash National Corporation (NYSE:WNC) earned “Buy” rating by Global Hunter Securities on Monday, September 28.

WNC Company Profile

Wabash National Corporation, incorporated on September 13, 1991, is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s divisions include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. The Commercial Trailer Products segment produces and sells new trailers to the Retail segment and to clients who purchase trailers directly from the Company or through independent dealers. The Diversified Products segment focuses to expand its customer base, and diversify its product offerings and revenues. The Retail segment includes the sale of new and used trailers, as well as the sale of after-market parts and service, through its retail branch network.

More notable recent Wabash National Corporation (NYSE:WNC) news were published by: Fool.com which released: “Why Wabash National Corporation’s Shares Plunged 12% Today” on October 25, 2016, also Prnewswire.com with their article: “EnerSys to Join S&P MidCap 400; Wabash National to Join S&P SmallCap 600” published on August 23, 2016, Fool.com published: “Why Shares of Wabash National Corporation Fell Today” on June 14, 2016. More interesting news about Wabash National Corporation (NYSE:WNC) were released by: Seekingalpha.com and their article: “Wabash National Corp. Is A Trucking Gem In The Rough” published on August 11, 2016 as well as Globenewswire.com‘s news article titled: “Wabash National Corporation Enhances Indirect Distribution Channel with Retail …” with publication date: June 22, 2016.

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By Pete Kolinski


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