Short Interest in Wolters Kluwer NV (OTCMKTS:WTKWY) Rises By 266.7%

Key Points

• Short interest in Wolters Kluwer NV increased by 266.7% in September, rising from 5,400 to 19,800 shares.
• The company recently declared a dividend of $0.9147, yielding 179.0%, with the dividend payment date being September 25th.
• Wolters Kluwer received an updated rating from Sanford C. Bernstein, moving from "hold" to "outperform," contributing to a consensus rating of "Strong Buy."

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 19,800 shares, a growth of 266.7% from the August 31st total of 5,400 shares. Based on an average daily volume of 104,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 104,800 shares, the days-to-cover ratio is currently 0.2 days.

Wolters Kluwer Trading Down 1.8%

Shares of WTKWY stock opened at $134.72 on Thursday. The stock has a 50 day simple moving average of $136.08 and a 200 day simple moving average of $157.02. Wolters Kluwer has a 1 year low of $120.59 and a 1 year high of $189.96.

Wolters Kluwer Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, August 28th were paid a $0.9147 dividend. This represents a dividend yield of 179.0%. The ex-dividend date was Wednesday, August 27th.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Wolters Kluwer from a "hold" rating to an "outperform" rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Wolters Kluwer currently has a consensus rating of "Strong Buy".

About Wolters Kluwer

Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.