Willdan Group, Inc. (NASDAQ:WLDN) Short Interest Up 45.8% in March

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 431,300 shares, an increase of 45.8% from the March 15th total of 295,800 shares. Based on an average daily volume of 141,600 shares, the short-interest ratio is currently 3.0 days. Approximately 3.4% of the company's shares are short sold.

Willdan Group Stock Up 0.7 %

WLDN traded up $0.28 during midday trading on Wednesday, reaching $37.87. The company's stock had a trading volume of 27,561 shares, compared to its average volume of 132,512. Willdan Group has a 1 year low of $26.79 and a 1 year high of $50.00. The stock's 50-day moving average is $37.76 and its 200-day moving average is $39.74. The firm has a market capitalization of $545.63 million, a price-to-earnings ratio of 23.23 and a beta of 1.12. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

A number of research firms have weighed in on WLDN. StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush raised Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the sale, the director now owns 12,767 shares of the company's stock, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.80% of the stock is currently owned by company insiders.

Institutional Trading of Willdan Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Willdan Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock valued at $275,000 after buying an additional 304 shares during the last quarter. Navellier & Associates Inc. lifted its position in Willdan Group by 4.4% in the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after acquiring an additional 341 shares in the last quarter. Wulff Hansen & CO. boosted its stake in Willdan Group by 1.6% during the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock valued at $869,000 after purchasing an additional 370 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Willdan Group by 2.9% in the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock worth $628,000 after purchasing an additional 461 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Willdan Group by 2.4% during the fourth quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock valued at $815,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.