Westwood Holdings Group Inc (NYSE:WHG) Sees Significant Growth in Short Interest

Key Points

• Westwood Holdings Group Inc experienced a dramatic increase in short interest, rising by 9,350% in July, bringing total short interest to 151,200 shares.
• Institutional investors hold 56.64% of the stock, with significant acquisitions from firms like Goldman Sachs and Barclays in the recent quarters.
• Analysts downgraded Westwood Holdings Group's rating from "buy" to "hold" as of May 5th, indicating changing sentiment among market experts.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 151,200 shares, agrowthof9,350.0% from the June 30th total of 1,600 shares. Based on an average daily trading volume, of 39,100 shares, the short-interest ratio is presently 3.9 days. Approximately2.2% of the shares of the company are short sold. Approximately2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 39,100 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of Westwood Holdings Group

Several large investors have recently modified their holdings of WHG. Barclays PLC raised its stake in Westwood Holdings Group by 180.7% in the fourth quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after buying an additional 1,966 shares in the last quarter. Millennium Management LLC bought a new stake in Westwood Holdings Group during the 4th quarter valued at about $146,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Westwood Holdings Group during the 4th quarter valued at about $160,000. Goldman Sachs Group Inc. bought a new stake in Westwood Holdings Group during the 1st quarter valued at about $213,000. Finally, 683 Capital Management LLC bought a new stake in Westwood Holdings Group during the 4th quarter valued at about $322,000. 56.64% of the stock is owned by institutional investors.

Westwood Holdings Group Stock Down 0.9%

Shares of NYSE WHG traded down $0.16 during trading hours on Tuesday, reaching $17.11. 1,009 shares of the stock traded hands, compared to its average volume of 25,926. Westwood Holdings Group has a 52-week low of $12.03 and a 52-week high of $18.65. The company's 50-day simple moving average is $16.14 and its two-hundred day simple moving average is $15.89. The company has a market capitalization of $160.44 million, a P/E ratio of 570.36 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Westwood Holdings Group from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

About Westwood Holdings Group

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.