Wolters Kluwer NV (OTCMKTS:WTKWY) Short Interest Down 23.6% in August

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) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 4,200 shares, adeclineof23.6% from the July 31st total of 5,500 shares. Based on an average daily volume of 249,600 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 249,600 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Wolters Kluwer to a "hold" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy".

Wolters Kluwer Stock Performance

OTCMKTS:WTKWY opened at $127.03 on Monday. The firm has a 50 day simple moving average of $147.23 and a 200-day simple moving average of $160.47. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.70 and a quick ratio of 0.68. Wolters Kluwer has a 1-year low of $120.59 and a 1-year high of $189.96.

Wolters Kluwer Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.9147 per share. This represents a dividend yield of 179.0%. The ex-dividend date is Wednesday, August 27th.

Wolters Kluwer Company Profile

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.

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