What’s Wabash National Corporation (NYSE:WNC) Upside After This Short Interest Decrease?

July 16, 2018 - By Jason Dias

Wabash National Corporation (NYSE:WNC) Logo

Investors sentiment increased to 0.79 in Q1 2018. Its up 0.06, from 0.73 in 2017Q4. It increased, as 34 investors sold Wabash National Corporation shares while 78 reduced holdings. 37 funds opened positions while 52 raised stakes. 62.92 million shares or 10.05% less from 69.95 million shares in 2017Q4 were reported.
Blackrock reported 0.01% stake. 24,429 are owned by One Natl Association. Services Automobile Association holds 0% of its portfolio in Wabash National Corporation (NYSE:WNC) for 42,839 shares. Panagora Asset Inc has invested 0.04% in Wabash National Corporation (NYSE:WNC). Numerixs Technology Inc holds 7,700 shares or 0.04% of its portfolio. 874,549 were accumulated by Prudential Financial Incorporated. Eagle Boston Inv holds 359,367 shares. The Missouri-based Piermont Mgmt Incorporated has invested 0.22% in Wabash National Corporation (NYSE:WNC). Element Cap Lc holds 0.01% or 13,269 shares in its portfolio. Advisory Services Networks Ltd Com stated it has 0% of its portfolio in Wabash National Corporation (NYSE:WNC). 103,950 were accumulated by Olstein Mgmt L P. Moreover, Global X Management Limited Liability has 0.01% invested in Wabash National Corporation (NYSE:WNC). Camarda Advsr Limited has 1.18% invested in Wabash National Corporation (NYSE:WNC). 96,269 are held by Dana Invest Advsrs. Koch Industries reported 24,054 shares.

Since February 5, 2018, it had 0 buys, and 1 insider sale for $1.46 million activity.

The stock of Wabash National Corporation (NYSE:WNC) registered a decrease of 11.8% in short interest. WNC’s total short interest was 7.93 million shares in July as published by FINRA. Its down 11.8% from 8.99 million shares, reported previously. With 544,400 shares average volume, it will take short sellers 15 days to cover their WNC’s short positions. The short interest to Wabash National Corporation’s float is 13.73%.

The stock decreased 2.26% or $0.44 during the last trading session, reaching $19.01. About 61,683 shares traded. Wabash National Corporation (NYSE:WNC) has declined 3.06% since July 16, 2017 and is downtrending. It has underperformed by 15.63% the S&P500.

Wabash National Corporation operates as a diversified industrial maker and North AmericaÂ’s producer of semi-trailers and liquid transportation systems. The company has market cap of $1.10 billion. The Company’s Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; specialty trailers, such as converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; used trailers; and laminated hard wood oak flooring products. It has a 10.47 P/E ratio. The companyÂ’s Diversified Products segment offers transportation products, including stainless steel and aluminum liquid and dry bulk tank trailers, and other liquid transport solutions for the dairy, food and beverage, chemical, environmental, petroleum, and refined fuel industries; aircraft refuelers and hydrant dispensers for in-to-plane fueling companies, airlines, freight distribution companies, and fuel marketers; military grade refueling and water tankers; truck mounted tanks for fuel delivery; and vacuum tankers.

Wabash National Corporation (NYSE:WNC) Ratings Coverage

Among 5 analysts covering Wabash National Corp (NYSE:WNC), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Wabash National Corp had 8 analyst reports since January 25, 2018 according to SRatingsIntel. The company was maintained on Wednesday, January 31 by Piper Jaffray. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, January 31. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, February 9 report. The stock of Wabash National Corporation (NYSE:WNC) has “Hold” rating given on Thursday, January 25 by Stephens. BMO Capital Markets maintained it with “Hold” rating and $24.0 target in Thursday, February 1 report. Stephens maintained Wabash National Corporation (NYSE:WNC) on Thursday, April 19 with “Hold” rating. Stephens maintained it with “Hold” rating and $27.0 target in Wednesday, January 31 report.

More recent Wabash National Corporation (NYSE:WNC) news were published by: Globenewswire.com which released: “Recent Analysis Shows Enel Américas, ZAGG, DCT Industrial Trust, Community Healthcare Trust, Wabash National …” on June 18, 2018. Also Globenewswire.com published the news titled: “Wabash National Corporation Announces Earnings Release Date” on July 12, 2018. Investorplace.com‘s news article titled: “4 High Earnings Yield Stocks to Improve Your Portfolio” with publication date: July 11, 2018 was also an interesting one.

Wabash National Corporation (NYSE:WNC) Institutional Positions Chart

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