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

Wolters Kluwer NV (OTCMKTS:WTKWY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,080 shares, an increase of 59.2% from the August 15th total of 12,616 shares. Based on an average trading volume of 49,082 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WTKWY shares. TD Cowen assumed coverage on shares of Wolters Kluwer in a research report on Thursday, September 10th. They issued a “buy” rating on the stock. TD Securities raised shares of Wolters Kluwer to a “strong-buy” rating in a research report on Friday, September 11th. Finally, The Goldman Sachs Group started coverage on shares of Wolters Kluwer in a research report on Wednesday, June 3rd. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Wolters Kluwer Stock Performance

Wolters Kluwer stock opened at $78.98 on Thursday. The business has a 50 day moving average of $78.04 and a 200-day moving average of $75.05. Wolters Kluwer has a 1 year low of $63.22 and a 1 year high of $138.76. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 4.92.

Wolters Kluwer Company Profile

Wolters Kluwer N.V. is a global provider of professional information, software and technology-enabled services. The company serves professionals and organizations in the health, tax and accounting, legal, regulatory, financial compliance, risk management and corporate performance sectors.

Its products and services include clinical decision-support and medical research tools such as UpToDate, tax and accounting software and content offered under brands including CCH, audit and risk management solutions such as TeamMate and governance, risk and compliance platforms including Enablon.