Westrock Company (NYSE:WRK) Shorts Decreased by 11.44% After Short Covering

July 16, 2018 - By Margaret Guttierez

WestRock Company (NYSE:WRK) Logo

The stock of Westrock Company (NYSE:WRK) registered a decrease of 11.44% in short interest. WRK’s total short interest was 3.70 million shares in July as published by FINRA. Its down 11.44% from 4.17 million shares, reported previously. With 1.59 million shares average volume, it will take short sellers 2 days to cover their WRK’s short positions. The short interest to Westrock Company’s float is 1.55%.

The stock decreased 0.70% or $0.4 during the last trading session, reaching $57.04. About 316,353 shares traded. WestRock Company (NYSE:WRK) has risen 8.45% since July 16, 2017 and is uptrending. It has underperformed by 4.12% the S&P500.

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company has market cap of $14.46 billion. The firm operates through three divisions: Corrugated Packaging, Consumer Packaging, and Land and Development. It has a 7.82 P/E ratio. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.

WestRock Company (NYSE:WRK) Ratings Coverage

Among 7 analysts covering WestRock LLC (NYSE:WRK), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. WestRock LLC had 9 analyst reports since January 25, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, July 10 with “Buy”. The rating was maintained by KeyBanc Capital Markets on Monday, January 29 with “Hold”. On Tuesday, January 30 the stock rating was maintained by Bank of America with “Buy”. On Tuesday, January 30 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Monday, February 12 by Barclays Capital. The firm has “Buy” rating given on Tuesday, January 30 by RBC Capital Markets. The firm has “Buy” rating by Citigroup given on Thursday, April 5. BMO Capital Markets maintained the shares of WRK in report on Thursday, January 25 with “Buy” rating. The stock of WestRock Company (NYSE:WRK) earned “Hold” rating by Stephens on Monday, January 29.

More news for WestRock Company (NYSE:WRK) were recently published by: Seekingalpha.com, which released: “Containerboard sector on watch for July volatility” on July 05, 2018. Streetinsider.com‘s article titled: “Summer Price Hikes Supportive on Bullish View on WestRock(WRK) and Graphic Packaging (GPK) – Deutsche Bank” and published on July 12, 2018 is yet another important article.

WestRock Company (NYSE:WRK) Ratings Chart

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