Wells Fargo & Company (NYSE:WFC) close to 52-week high, slighlty higher short interest

Wells Fargo & Company (NYSE:WFC) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $54.86, up by 1.78%, with a volume of 20,159,496 shares against an average volume for the last 3 months of 16,469,100.

Wells Fargo & Company (WFC) reported last quarter earnings on Wednesday, January 14. The Financial Sector company announced earning per share of $1.02 against a consensus Street estimate of $1.02, matching the average estimate. This corresponds to an increase of $0.05 compared to the same quarter of the previous fiscal year.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Wells Fargo & Company (NYSE:WFC) is currently trading 1.95% below its 52-week-high, 21.24% above its 52-week-low. The 1-year range for the stock is $45.25 – $55.95. Wells Fargo & Company (WFC) has a price to earnings ratio of 13.15 versus S&P 500 average of 17.42. The stock price has outperformed the S&P 500 by 0.1%. WFC is currently valued at $283.6 billion and closed the last trading session at $54.86. The stock has a 50-day moving average of $53.24 and a 200-day moving average of $52.41.

Wells Fargo & Company (WFC) current short interest stands at 34.76 millions shares. It has increased by 3% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 15.92 millions shares, the number of days required to cover the short positions stand at 2.2 days.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently thirty-two analysts that cover WFC. Of those thirty-two, eleven have a Buy rating, nineteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Overweight rating. The consensus target price stands at $56.42.

A recent analyst activity consisted of Robert W. Baird downgrading their Outperform rating to Neutral on January 5. On the date of report, the stock closed at $52.85.

BMO Capital Markets downgraded their Outperform rating to Market Perform on November 17. On the date of report, the stock closed at $53.09.

Company profile

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.

Wells Fargo & Company (NYSE:WFC) close to 52-week high, slighlty higher short interest was last modified: February 13th, 2015 by Eric Hanson

Add Comment

Time limit is exhausted. Please reload CAPTCHA.