Short Interest in Worldline (OTCMKTS:WWLNF) Drops By 90.2%

Key Points

• Short interest in Worldline (OTCMKTS:WWLNF) plunged 90.2% in April to 169,278 shares (about 0.1% of shares), though the days-to-cover ratio is extremely high at 188.7 days due to a very low average daily volume of 897 shares.
• Analyst sentiment is mixed-to-negative: Goldman Sachs downgraded WWLNF to a "strong sell" while Zacks moved it to "hold," leaving an average MarketBeat rating of "Reduce" (one Hold, one Sell).
• Share price is weak at $0.31, trading near its 52-week low and well below the 50-day ($0.89) and 200-day ($1.83) moving averages.

Worldline (OTCMKTS:WWLNF - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 169,278 shares, a decrease of 90.2% from the March 31st total of 1,730,026 shares. Based on an average trading volume of 897 shares, the days-to-cover ratio is presently 188.7 days. Approximately 0.1% of the company's shares are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on WWLNF shares. The Goldman Sachs Group lowered shares of Worldline from a "hold" rating to a "strong sell" rating in a report on Friday, April 17th. Zacks Research raised shares of Worldline to a "hold" rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Worldline has an average rating of "Reduce".

Worldline Stock Performance

WWLNF remained flat at $0.31 during trading hours on Friday. Worldline has a 52 week low of $0.20 and a 52 week high of $6.22. The company has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $1.83. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Worldline Company Profile

Worldline is a global leader in payment and transactional services, providing end-to-end solutions to merchants, banks and public sector organizations. Headquartered in France, the company specializes in secure payment processing, digital banking services and mobility solutions, supporting seamless customer experiences across online, in-store and mobile channels.

Worldline's core offerings include merchant acquiring and point-of-sale services, card and digital payment processing, issuer processing and digital account services.

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