Is Buying Wmih Corp (NASDAQ:WMIH), Having Lower Short Interest a Winning Strategy?

July 16, 2018 - By Margaret Guttierez

The stock of Wmih Corp (NASDAQ:WMIH) registered a decrease of 2.76% in short interest. WMIH’s total short interest was 6.18 million shares in July as published by FINRA. Its down 2.76% from 6.35M shares, reported previously. With 508,000 shares average volume, it will take short sellers 12 days to cover their WMIH’s short positions. The short interest to Wmih Corp’s float is 3.37%.

The stock 0.36% or $0 during the last trading session, reaching $1.38. It is down 14.17% since July 16, 2017 and is uptrending. It has outperformed by 1.60% the S&P500.

WMIH Corp., through its subsidiary, WM Mortgage Reinsurance Company, Inc., engages in reinsurance business with respect to mortgage insurance in runoff mode. The company has market cap of $275.00 million. The firm was formerly known as WMI Holdings Corp. and changed its name to WMIH Corp. in May 2015. It currently has negative earnings.

WMIH Corp. (NASDAQ:WMIH) Institutional Positions Chart

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