Short Interest in Wolters Kluwer NV (OTCMKTS:WTKWY) Drops By 23.6%

Key Points

• Wolters Kluwer NV reported a significant 23.6% decline in short interest, totaling 4,200 shares as of August 15th, compared to 5,500 shares at the end of July.
• Analysts have upgraded Wolters Kluwer to a "hold" rating, contributing to an average rating of "Buy" based on one strong buy and one hold rating.
• The company announced a dividend of $0.9147 per share, which is set to be paid on September 25th, reflecting a dividend yield of 179.0%.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 4,200 shares, a decrease of 23.6% from the July 31st total of 5,500 shares. Based on an average trading volume of 249,600 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 249,600 shares, the short-interest ratio is presently 0.0 days.

Wolters Kluwer Stock Performance

Shares of OTCMKTS:WTKWY traded up $5.64 during midday trading on Friday, reaching $131.27. The company's stock had a trading volume of 31,168 shares, compared to its average volume of 46,469. Wolters Kluwer has a twelve month low of $120.59 and a twelve month high of $189.96. The stock has a fifty day moving average of $143.65 and a 200 day moving average of $158.92. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 2.18.

Wolters Kluwer Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, August 28th will be paid a $0.9147 dividend. This represents a dividend yield of 179.0%. The ex-dividend date is Wednesday, August 27th.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Wolters Kluwer from a "hold" rating to an "outperform" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

About Wolters Kluwer

Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments.