Wabash National Corporation (NYSE:WNC) Short Interest Update

Key Points

• Short interest in Wabash National Corporation decreased by 26.6% in July, from 2,410,000 shares to 1,770,000 shares, representing 4.5% of the company’s total shares.
• DA Davidson has raised its price target on Wabash National from $7.50 to $9.50 while maintaining a "neutral" rating, reflecting a consensus rating of "Hold".
• The company recently reported a negative EPS of ($0.15), exceeding analysts' expectations, alongside a quarterly revenue of $458.82 million, which is down 16.7% year-over-year.

Wabash National Corporation (NYSE:WNC - Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,770,000 shares, adeclineof26.6% from the July 15th total of 2,410,000 shares. Approximately4.5% of the company's shares are sold short. Based on an average daily volume of 731,300 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 731,300 shares, the days-to-cover ratio is presently 2.4 days. Approximately4.5% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their target price on Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.50.

Hedge Funds Weigh In On Wabash National

A number of institutional investors and hedge funds have recently modified their holdings of WNC. Parallel Advisors LLC lifted its position in Wabash National by 255.9% in the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after acquiring an additional 1,722 shares during the last quarter. Allworth Financial LP lifted its position in Wabash National by 268.8% in the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock valued at $34,000 after acquiring an additional 2,347 shares during the last quarter. Curat Global LLC purchased a new stake in Wabash National in the first quarter valued at $37,000. PNC Financial Services Group Inc. lifted its position in Wabash National by 55.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company's stock valued at $39,000 after acquiring an additional 1,331 shares during the last quarter. Finally, CWM LLC lifted its position in Wabash National by 1,520.7% in the first quarter. CWM LLC now owns 5,235 shares of the company's stock valued at $58,000 after acquiring an additional 4,912 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Stock Up 0.6%

Shares of WNC stock traded up $0.07 on Tuesday, reaching $11.24. 1,615,109 shares of the stock were exchanged, compared to its average volume of 643,901. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. The business's 50 day moving average price is $10.51 and its 200 day moving average price is $10.40. The company has a market capitalization of $459.94 million, a price-to-earnings ratio of -4.64 and a beta of 1.65. Wabash National has a twelve month low of $6.78 and a twelve month high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.16. The firm had revenue of $458.82 million during the quarter, compared to the consensus estimate of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The company's revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Wabash National has set its FY 2025 guidance at -1.300--1.000 EPS. Q3 2025 guidance at -0.300--0.200 EPS. As a group, sell-side analysts expect that Wabash National will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. Wabash National's payout ratio is presently -13.22%.

Wabash National Company Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.