WisdomTree, Inc. (NYSE:WT) Short Interest Up 736.9% in July

Key Points

• WisdomTree, Inc. saw a significant increase in short interest, rising 736.9% in July, with a total of 17,910,000 shares sold short as of July 15th.
• The company's quarterly earnings matched analyst expectations at $0.18 per share, with revenue of $112.60 million, exceeding estimates.
• WisdomTree declared a quarterly dividend of $0.03 per share, resulting in an annualized dividend yield of 1.0%, with a payout ratio currently at 30.77%.

WisdomTree, Inc. (NYSE:WT - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 17,910,000 shares, anincreaseof736.9% from the June 30th total of 2,140,000 shares. Currently,15.1% of the shares of the stock are sold short. Based on an average trading volume of 1,940,000 shares, the short-interest ratio is currently 9.2 days. Based on an average trading volume of 1,940,000 shares, the short-interest ratio is currently 9.2 days. Currently,15.1% of the shares of the stock are sold short.

WisdomTree Trading Down 6.9%

Shares of WT stock opened at $12.36 on Friday. The firm has a market cap of $1.82 billion, a P/E ratio of 31.69 and a beta of 1.14. WisdomTree has a 1-year low of $7.47 and a 1-year high of $13.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79. The firm's 50-day simple moving average is $11.45 and its 200-day simple moving average is $9.89.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.94%. The company's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. As a group, equities analysts forecast that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 1.0%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their price target for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Morgan Stanley raised their price target on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $12.90.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quarry LP raised its holdings in WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after buying an additional 2,650 shares during the period. Byrne Asset Management LLC grew its position in WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after acquiring an additional 2,052 shares in the last quarter. Versant Capital Management Inc grew its position in WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after acquiring an additional 3,981 shares in the last quarter. Federated Hermes Inc. grew its position in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in WisdomTree by 758.2% in the first quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock valued at $62,000 after acquiring an additional 6,172 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Company Profile

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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