WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Short Interest Up 22.3% in April

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 10,460,000 shares, an increase of 22.3% from the March 31st total of 8,550,000 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,750,000 shares, the days-to-cover ratio is currently 6.0 days.

Shares of WSC stock opened at $34.84 on Tuesday. The stock has a fifty day moving average of $37.22 and a 200 day moving average of $37.68. WillScot Mobile Mini has a 52 week low of $26.15 and a 52 week high of $42.00. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 1.25 and a beta of 1.76. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.35.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. WillScot Mobile Mini had a return on equity of 11.10% and a net margin of 10.46%. During the same period last year, the business earned $0.14 earnings per share. Equities research analysts anticipate that WillScot Mobile Mini will post 1.24 earnings per share for the current year.

In related news, Director Rebecca L. Owen acquired 5,250 shares of the company’s stock in a transaction dated Friday, March 18th. The stock was purchased at an average price of $38.34 per share, with a total value of $201,285.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher J. Miner sold 133,056 shares of the stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $36.83, for a total value of $4,900,452.48. The disclosure for this sale can be found here. 23.04% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. SRS Capital Advisors Inc. bought a new position in WillScot Mobile Mini in the fourth quarter worth $26,000. IndexIQ Advisors LLC bought a new position in WillScot Mobile Mini in the fourth quarter worth $27,000. Ten Capital Wealth Advisors LLC bought a new position in WillScot Mobile Mini in the fourth quarter worth $32,000. Confluence Wealth Services Inc. bought a new position in WillScot Mobile Mini in the fourth quarter worth $31,000. Finally, Covestor Ltd bought a new position in WillScot Mobile Mini in the fourth quarter worth $65,000. 98.98% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on WSC. Barclays raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a research note on Wednesday, March 2nd. Zacks Investment Research lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating in a research note on Thursday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $49.00 price objective on shares of WillScot Mobile Mini in a research note on Friday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $42.38.

About WillScot Mobile Mini (Get Rating)

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.

Featured Stories