WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Free Report) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 9,580,000 shares, an increase of 31.6% from the January 15th total of 7,280,000 shares. Based on an average trading volume of 1,860,000 shares, the short-interest ratio is presently 5.2 days. Approximately 5.1% of the shares of the company are short sold.
WillScot Mobile Mini Price Performance
Shares of WSC opened at $51.56 on Tuesday. The firm has a market cap of $9.88 billion, a PE ratio of 22.52, a PEG ratio of 0.89 and a beta of 1.36. The firm’s 50 day moving average price is $44.61 and its 200 day moving average price is $42.20. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.96 and a current ratio of 1.04. WillScot Mobile Mini has a twelve month low of $34.40 and a twelve month high of $53.46.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on WSC shares. Stifel Nicolaus increased their target price on shares of WillScot Mobile Mini from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Oppenheimer raised their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Morgan Stanley initiated coverage on shares of WillScot Mobile Mini in a research report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and an average price target of $52.50.
Hedge Funds Weigh In On WillScot Mobile Mini
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Hexagon Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the third quarter worth $25,000. Bourgeon Capital Management LLC lifted its holdings in shares of WillScot Mobile Mini by 1,063.6% during the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after acquiring an additional 585 shares during the period. International Assets Investment Management LLC bought a new position in shares of WillScot Mobile Mini during the third quarter valued at $31,000. IFP Advisors Inc lifted its holdings in shares of WillScot Mobile Mini by 142.4% during the second quarter. IFP Advisors Inc now owns 778 shares of the company’s stock valued at $37,000 after acquiring an additional 457 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of WillScot Mobile Mini by 93.7% during the second quarter. Quadrant Capital Group LLC now owns 885 shares of the company’s stock valued at $42,000 after acquiring an additional 428 shares during the period. Institutional investors and hedge funds own 95.44% of the company’s stock.
WillScot Mobile Mini Company Profile
WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, retail and wholesale trade, education, energy and natural resources, government, institutions, healthcare, and other end markets.
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