Short Interest Worth Mentioning Today: What’s Propelling Watsco Incorporated (NYSE:WSO) After Higher Shorts Reported?

November 21, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Worth Mentioning Today: What’s Propelling Watsco Incorporated (NYSE:WSO) After Higher Shorts Reported?

The stock of Watsco Incorporated (NYSE:WSO) registered an increase of 9.96% in short interest. WSO’s total short interest was 1.01M shares in November as published by FINRA. Its up 9.96% from 922,100 shares, reported previously. With 130,600 shares average volume, it will take short sellers 8 days to cover their WSO’s short positions. The short interest to Watsco Incorporated’s float is 4.32%. About 77,476 shares traded hands. Watsco Inc (NYSE:WSO) has risen 8.25% since April 19, 2016 and is uptrending. It has outperformed by 4.38% the S&P500.

Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The company has a market cap of $5.19 billion. The Firm operates in the HVAC/R distribution industry in North America. It has a 28.82 P/E ratio. The Firm operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.12, from 1.29 in 2016Q1. The ratio turned negative, as 16 funds sold all Watsco Inc shares owned while 84 reduced positions. 31 funds bought stakes while 98 increased positions. They now own 22.99 million shares or 0.34% less from 23.06 million shares in 2016Q1.
Cap Fund Management accumulated 0% or 3,160 shares. Thomas J Herzfeld holds 0.75% of its portfolio in Watsco Inc (NYSE:WSO) for 10,100 shares. D E Shaw And holds 42,660 shares or 0.01% of its portfolio. Ladenburg Thalmann Fin Svcs holds 0% or 613 shares in its portfolio. The Delaware-based Blackrock Advisors Ltd Liability Com has invested 0% in Watsco Inc (NYSE:WSO). Arcadia Inv Mngmt Mi last reported 6,990 shares in the company. Fifth Third Bancshares holds 21,258 shares or 0.03% of its portfolio. The Florida-based Steinberg Glob Asset Management has invested 0.06% in Watsco Inc (NYSE:WSO). Baillie Gifford has 0.19% invested in the company for 754,917 shares. Gotham Asset Management accumulated 7,174 shares or 0.01% of the stock. Comerica Financial Bank holds 0.02% of its portfolio in Watsco Inc (NYSE:WSO) for 18,216 shares. Eagle Asset holds 92,382 shares or 0.09% of its portfolio. Moreover, Victory Cap Management has 0% invested in Watsco Inc (NYSE:WSO) for 7,670 shares. Barclays Public Ltd Company holds 0% or 1,371 shares in its portfolio. Df Dent & has 0.02% invested in the company for 5,700 shares.

Watsco Inc (NYSE:WSO) Ratings Coverage

Out of 8 analysts covering Watsco (NYSE:WSO), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. Watsco has been the topic of 17 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was initiated by SunTrust on Monday, June 6 with “Buy”. The rating was downgraded by Stifel Nicolaus to “Neutral” on Monday, April 25. The company was maintained on Monday, October 5 by Barclays Capital. Stifel Nicolaus maintained Watsco Inc (NYSE:WSO) rating on Thursday, March 24. Stifel Nicolaus has “Buy” rating and $140 price target. The firm earned “Positive” rating on Wednesday, June 1 by Susquehanna. The firm earned “Outperform” rating on Thursday, April 21 by Robert W. Baird. Stifel Nicolaus initiated Watsco Inc (NYSE:WSO) on Wednesday, November 25 with “Buy” rating. As per Friday, October 14, the company rating was upgraded by Longbow. The rating was maintained by Seaport Global on Thursday, April 21 with “Accumulate”. The rating was maintained by Barclays Capital with “Underweight” on Monday, April 18.

WSO Company Profile

Watsco, Inc. (Watsco), incorporated on July 14, 1956, is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Firm operates in the HVAC/R distribution industry in North America. The Firm operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico. The Firm has market coverage on an export basis to Latin America and the Caribbean, through which it serves over 88,000 active contractors and dealers that service the replacement and new construction markets.

More news for Watsco Inc (NYSE:WSO) were recently published by: Marketwatch.com, which released: “Watsco downgraded to neutral from buy at SunTrust RH” on December 22, 2009. Nasdaq.com‘s article titled: “Watsco, Inc. (WSO) Ex-Dividend Date Scheduled for October 13, 2016” and published on October 12, 2016 is yet another important article.

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By Nellie Frank


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