Winchester Bancorp, Inc. (NASDAQ:WSBK) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 67% to 20,515 shares as of September 30, representing about 0.2% of Winchester Bancorp’s outstanding shares and 3.4 days to cover.
• WSBK opened at $12.94, near its 50- and 200-day moving averages, with a market capitalization of approximately $120.3 million and a one-year trading range of $9.46 to $13.39.
• Institutional ownership increased as several investors expanded or initiated positions, but analyst sentiment remains negative: Weiss Ratings reiterated a “sell” rating, and the stock has a consensus “Sell” rating.

Winchester Bancorp, Inc. (NASDAQ:WSBK - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 20,515 shares, an increase of 67.0% from the September 15th total of 12,283 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,079 shares, the days-to-cover ratio is presently 3.4 days.

Winchester Bancorp Price Performance

NASDAQ WSBK opened at $12.94 on Friday. The business's fifty day moving average price is $12.94 and its 200-day moving average price is $12.92. The stock has a market capitalization of $120.34 million, a price-to-earnings ratio of 26.35 and a beta of -0.33. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.15 and a quick ratio of 1.15. Winchester Bancorp has a 1-year low of $9.46 and a 1-year high of $13.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WSBK. Eastern Bank grew its stake in shares of Winchester Bancorp by 60.0% during the 2nd quarter. Eastern Bank now owns 4,000 shares of the company's stock valued at $53,000 after purchasing an additional 1,500 shares during the period. BlackRock Inc. bought a new position in shares of Winchester Bancorp in the 2nd quarter worth approximately $187,000. RFG Bristol Wealth Advisors LLC lifted its stake in shares of Winchester Bancorp by 170.7% in the 3rd quarter. RFG Bristol Wealth Advisors LLC now owns 27,500 shares of the company's stock worth $355,000 after purchasing an additional 17,342 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Winchester Bancorp by 17.0% in the 1st quarter. Renaissance Technologies LLC now owns 31,000 shares of the company's stock worth $394,000 after purchasing an additional 4,498 shares during the period. Finally, Northstar Financial Companies Inc. purchased a new position in shares of Winchester Bancorp in the second quarter worth approximately $920,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Winchester Bancorp in a research note on Thursday, August 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Winchester Bancorp currently has a consensus rating of "Sell".

Winchester Bancorp Company Profile

Winchester Bancorp, Inc is the holding company for Winchester Savings Bank, a community bank headquartered in Winchester, Massachusetts. Founded in 1871, the bank serves individuals, families, businesses and nonprofit organizations in Winchester and surrounding communities in the Greater Boston area.

Winchester Savings Bank offers deposit products, including checking, savings, money market and certificate accounts, as well as residential mortgage, home equity, commercial real estate, commercial and industrial, and consumer loans.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.