Short Interest in Wpp Plc (NYSE:WPP) Declines By 30.1%

Wpp Plc (NYSE:WPP) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 295,500 shares, a decline of 30.1% from the July 31st total of 422,500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 157,800 shares, the days-to-cover ratio is presently 1.9 days.

WPP stock traded down $0.95 during midday trading on Thursday, hitting $63.29. The company’s stock had a trading volume of 122,700 shares, compared to its average volume of 177,631. The company has a quick ratio of 0.96, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $58.66 and its 200-day moving average price is $59.21. WPP has a 12 month low of $50.31 and a 12 month high of $75.86. The company has a market capitalization of $16.45 billion, a PE ratio of 8.78 and a beta of 1.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its holdings in WPP by 55.2% during the 1st quarter. Global Retirement Partners LLC now owns 731 shares of the business services provider’s stock worth $39,000 after buying an additional 260 shares during the period. Nkcfo LLC acquired a new stake in WPP during the 2nd quarter worth about $44,000. Semmax Financial Advisors Inc. raised its holdings in WPP by 78.4% during the 1st quarter. Semmax Financial Advisors Inc. now owns 1,151 shares of the business services provider’s stock worth $61,000 after buying an additional 506 shares during the period. Signaturefd LLC raised its holdings in WPP by 11.9% during the 2nd quarter. Signaturefd LLC now owns 1,715 shares of the business services provider’s stock worth $108,000 after buying an additional 183 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in WPP during the 2nd quarter worth about $152,000. Hedge funds and other institutional investors own 3.96% of the company’s stock.



Several equities research analysts have commented on WPP shares. Zacks Investment Research reiterated a “hold” rating on shares of WPP in a research report on Saturday, July 20th. Goldman Sachs Group reiterated a “buy” rating on shares of WPP in a research report on Monday, June 3rd. Finally, ValuEngine cut shares of WPP from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold”.

About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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