Wolters Kluwer (OTCMKTS:WTKWY) Short Interest Down 96.8% in August

Wolters Kluwer (OTCMKTS:WTKWY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 96.8% from the August 15th total of 3,100 shares. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 0.0 days.

Wolters Kluwer stock traded up $0.66 during trading hours on Wednesday, reaching $114.38. The stock had a trading volume of 11,584 shares, compared to its average volume of 16,821. The business’s 50 day moving average price is $111.84 and its 200-day moving average price is $99.13. Wolters Kluwer has a 52 week low of $77.49 and a 52 week high of $116.34. The company has a market cap of $30.60 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.97 and a beta of 0.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.69 and a quick ratio of 0.67.

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 1st will be issued a dividend of $0.536 per share. The ex-dividend date is Tuesday, August 31st. Wolters Kluwer’s dividend payout ratio (DPR) is 29.89%.

WTKWY has been the subject of a number of recent analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of Wolters Kluwer in a research note on Thursday, August 5th. Zacks Investment Research lowered shares of Wolters Kluwer from a “buy” rating to a “hold” rating in a research note on Friday, August 13th. Morgan Stanley restated an “overweight” rating on shares of Wolters Kluwer in a report on Tuesday, July 27th. Societe Generale restated a “hold” rating on shares of Wolters Kluwer in a report on Thursday, August 5th. Finally, Barclays restated an “equal weight” rating on shares of Wolters Kluwer in a report on Thursday, August 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $125.00.

About Wolters Kluwer

Wolters Kluwer NV engages in the provision of information, software solutions, and services for professionals in the health, tax and accounting, finance, risk and compliance, and legal sectors. It operates through the following segments: Health; Tax and Accounting; Governance, Risk and Compliance; and Legal and Regulatory.

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