Western Union Company (The) June 15th Short Interest Update

The short interest in Western Union Company (The) (NYSE:WU) has increased from 61,176,627 on May 31,2016 to 63,129,176 on June 15,2016. The change was measured at 1,952,549 shares or 3.2%. The leftover shorts were 12.9% of the floated shares. The days to cover are 25, given the average daily volume of 2,516,728 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Western Union Company (The) (NYSE:WU): The stock opened at $18.63 on Friday but the bulls could not build on the opening and the stock topped out at $19.04 for the day. The stock traded down to $18.60 during the day, due to lack of any buying support eventually closed down at $18.61 with a loss of -3.97% for the day. The stock had closed at $19.38 on the previous day. The total traded volume was 5,849,795 shares.

The company shares have dropped -8.60% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $20.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.21 and the 200 Day Moving Average price is recorded at $18.67.

Western Union Company (The) (NYSE:WU) has tumbled 2.16% during the past week and has dropped 4.42% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.53%. Western Union Company (The) (NYSE:WU) has underperformed the index by 1.52% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers, primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay, Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions for small and medium size enterprises and other organizations and individuals.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.