Short Interest in WSP Global Inc. (OTCMKTS:WSPOF) Drops By 34.3%

WSP Global Inc. (OTCMKTS:WSPOF) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,759,196 shares, a decline of 34.3% from the July 30th total of 2,676,838 shares. Based on an average trading volume of 79,358 shares, the days-to-cover ratio is currently 22.2 days. Approximately 1.3% of the shares of the company are short sold.

WSP Global Stock Performance

Shares of WSPOF stock opened at $132.99 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.81. WSP Global has a 12-month low of $111.08 and a 12-month high of $210.29. The business’s 50 day moving average is $129.39 and its two-hundred day moving average is $144.72. The company has a market capitalization of $17.93 billion and a P/E ratio of 36.04.

Wall Street Analyst Weigh In

WSPOF has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a research note on Wednesday, July 8th. BMO Capital Markets reiterated an “outperform” rating on shares of WSP Global in a research note on Thursday, August 6th. Scotiabank reissued an “outperform” rating on shares of WSP Global in a report on Monday, August 10th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of WSP Global in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.