Waton Financial Limited (NASDAQ:WTF) Sees Large Decrease in Short Interest

Key Points

• Waton Financial Limited (NASDAQ:WTF) experienced a substantial decrease in short interest, dropping by 45.0% in September, from 39,300 shares to 21,600 shares.
• The stock price of Waton Financial is currently down 2.2% with an opening value of $5.24, and has a 1-year range between $4.05 and $19.85.
• Weiss Ratings has reaffirmed a “sell” rating for Waton Financial, with an average rating of "Sell" from analysts.

Waton Financial Limited (NASDAQ:WTF - Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 21,600 shares, a drop of 45.0% from the September 15th total of 39,300 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 127,200 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 127,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

Waton Financial Stock Down 2.2%

NASDAQ:WTF opened at $5.24 on Tuesday. The business's 50 day moving average price is $5.53. Waton Financial has a 1-year low of $4.05 and a 1-year high of $19.85.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (e)" rating on shares of Waton Financial in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Waton Financial has an average rating of "Sell".

Waton Financial Company Profile

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions.

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