Worldline SA (OTCMKTS:WRDLY) Sees Large Growth in Short Interest

Worldline SA (OTCMKTS:WRDLY – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 60,200 shares, a growth of 5,372.7% from the April 30th total of 1,100 shares. Based on an average trading volume of 379,200 shares, the short-interest ratio is presently 0.2 days.

Several equities analysts have recently weighed in on the company. HSBC assumed coverage on Worldline in a report on Monday, March 28th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price target on Worldline from €74.00 ($78.72) to €65.00 ($69.15) in a report on Wednesday, February 23rd. Finally, Morgan Stanley reduced their price target on Worldline from €60.00 ($63.83) to €49.00 ($52.13) in a report on Monday, March 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $59.33.

Shares of OTCMKTS:WRDLY traded down $0.14 during trading on Wednesday, reaching $20.03. 84,651 shares of the stock were exchanged, compared to its average volume of 151,356. Worldline has a 12 month low of $17.94 and a 12 month high of $50.18. The stock has a 50-day moving average price of $20.29 and a 200-day moving average price of $24.14.

About Worldline (Get Rating)

Worldline SA provides payments and transactional services to financial institutions, merchants, corporations, and government agencies in France, rest of Europe, and internationally. The company operates through Merchant Services; Financial Services; and Mobility & e-Transactional Services segments.

Further Reading

• Get a free copy of the StockNews.com research report on Worldline (WRDLY)
• Short-Covering Begins In Big Lots 
• Institutions Ring The Register On Toll Brothers Stock
• Agilent Technologies Is Bottoming But Don’t Buy It Yet
• Dick’s Sporting Goods Falls Flat On Weak Guidance 
• Investors Can Get 5%-Plus Dividend Yields on These 3 Buys

Want More Great Investing Ideas?