Wolters Kluwer NV (OTCMKTS:WTKWY) Sees Significant Growth in Short Interest

Wolters Kluwer NV (OTCMKTS:WTKWY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 38,600 shares, a growth of 94.9% from the September 15th total of 19,800 shares. Based on an average daily volume of 224,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 224,900 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Wolters Kluwer from a “hold” rating to an “outperform” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Wolters Kluwer Price Performance

Shares of WTKWY opened at $130.50 on Thursday. The company’s 50-day moving average is $130.19 and its 200-day moving average is $154.28. Wolters Kluwer has a fifty-two week low of $120.59 and a fifty-two week high of $189.96.

Wolters Kluwer Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were given a $0.9147 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a dividend yield of 179.0%.

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.