Short Interest: Wayfair Incorporated (NYSE:W) Has Increase in Shorts

November 21, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest: Wayfair Incorporated (NYSE:W) Has Increase in Shorts

The stock of Wayfair Incorporated (NYSE:W) registered an increase of 5.9% in short interest. W’s total short interest was 12.20M shares in November as published by FINRA. Its up 5.9% from 11.52M shares, reported previously. With 1.20M shares average volume, it will take short sellers 10 days to cover their W’s short positions. The short interest to Wayfair Incorporated’s float is 36.9%. The stock decreased 0.06% or $0.02 on November 18, hitting $33.3. Wayfair Inc (NYSE:W) has declined 19.17% since April 19, 2016 and is downtrending. It has underperformed by 23.04% the S&P500.

Wayfair Inc. offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The company has a market cap of $2.67 billion. The Firm offers a range of furniture, home furnishings, decor and goods. It currently has negative earnings. Wayfair produces editorial content both in-house and through third parties.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.35, from 1.43 in 2016Q1. The ratio turned negative, as 31 funds sold all Wayfair Inc shares owned while 32 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 59.77 million shares or 11.15% more from 53.78 million shares in 2016Q1.
The Georgia-based Voya Invest Mngmt Limited Liability Corp has invested 0% in Wayfair Inc (NYSE:W). The New York-based Qs Invsts Ltd Liability has invested 0% in Wayfair Inc (NYSE:W). Legal And General Grp Inc Public Llc holds 0% or 3,810 shares in its portfolio. Kistler owns 13 shares or 0% of their US portfolio. State Of New Jersey Common Pension Fund D holds 0.13% or 708,000 shares in its portfolio. Dimensional Fund Advsrs Limited Partnership reported 11,576 shares or 0% of all its holdings. Portolan Ltd Limited Liability Company has 123,855 shares for 0.7% of their US portfolio. Mitsubishi Ufj And Corporation last reported 640,840 shares in the company. Allen Mngmt Llc has invested 0.61% of its portfolio in Wayfair Inc (NYSE:W). Deutsche Natl Bank Ag holds 0% or 63,988 shares in its portfolio. Ridgeworth Mgmt Ltd Liability Com, a Georgia-based fund reported 7,734 shares. Capital Fund Mngmt last reported 0% of its portfolio in the stock. Baillie Gifford & has 1.51 million shares for 0.11% of their US portfolio. Kcg Inc holds 0.01% of its portfolio in Wayfair Inc (NYSE:W) for 7,472 shares. X Mgmt Ltd owns 162 shares or 0% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 125 sales for $58.09 million net activity. Macri Edmond sold $22,920 worth of stock. Shares for $480,600 were sold by Shah Niraj. Savarese James had sold 500 shares worth $20,160. 500,000 shares were sold by GREAT HILL EQUITY PARTNERS IV LP, worth $19.12M. Conine Steven sold 12,000 shares worth $484,560. FLEISHER MICHAEL D sold 2,038 shares worth $80,705. Oblak Steve sold $44,120 worth of stock or 1,125 shares.

Wayfair Inc (NYSE:W) Ratings Coverage

Out of 18 analysts covering Wayfair LLC (NYSE:W), 8 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 44% are positive. Wayfair LLC has been the topic of 28 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Thursday, May 26, the company rating was initiated by Maxim Group. The stock of Wayfair Inc (NYSE:W) earned “Buy” rating by Goldman Sachs on Thursday, February 4. The firm earned “Neutral” rating on Wednesday, April 6 by Sterne Agee CRT. As per Wednesday, November 9, the company rating was maintained by Maxim Group. The rating was initiated by JP Morgan on Monday, April 25 with “Neutral”. Piper Jaffray maintained the shares of W in a report on Thursday, February 25 with “Overweight” rating. The rating was upgraded by Bank of America to “Buy” on Tuesday, September 8. The stock of Wayfair Inc (NYSE:W) has “Outperform” rating given on Tuesday, March 22 by Raymond James. The rating was initiated by Longbow with “Neutral” on Thursday, June 16. The stock of Wayfair Inc (NYSE:W) earned “Buy” rating by Citigroup on Wednesday, January 20.

W Company Profile

Wayfair Inc. (Wayfair), incorporated on August 8, 2014, which offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Firm offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties. The Firm offers its suppliers a real-time view of its demand and inventory needs via data and analytics.

More recent Wayfair Inc (NYSE:W) news were published by: Businesswire.com which released: “Wayfair Named Top Place to Work by The Boston Globe” on November 18, 2016. Also Fool.com published the news titled: “Wayfair Inc. Produces a Solid Quarter, but the Market Still Has Its Doubts” on November 08, 2016. Investorplace.com‘s news article titled: “Why Wayfair Inc (W) Stock Is Plunging Today” with publication date: November 08, 2016 was also an interesting one.

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By Adrian Mccoy


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