Short Interest in Wabash National Co. (NYSE:WNC) Decreases By 47.0%

Wabash National Co. (NYSE:WNC - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,680,000 shares, a decline of 47.0% from the March 15th total of 3,170,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 4.1% of the company's stock are short sold.

Wabash National Stock Up 3.0 %

Shares of WNC stock traded up $0.30 during mid-day trading on Friday, reaching $10.21. 4,625,152 shares of the company's stock traded hands, compared to its average volume of 756,529. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The company's 50-day moving average price is $11.10 and its 200-day moving average price is $15.39. The company has a market cap of $431.54 million, a P/E ratio of -1.57 and a beta of 1.49. Wabash National has a 12 month low of $9.00 and a 12 month high of $26.41.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities analysts expect that Wabash National will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's payout ratio is -4.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their target price on Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, February 24th.

Institutional Investors Weigh In On Wabash National

Several hedge funds have recently added to or reduced their stakes in WNC. Quantinno Capital Management LP raised its holdings in Wabash National by 6.2% in the fourth quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock worth $264,000 after buying an additional 896 shares during the last quarter. Vident Advisory LLC lifted its holdings in Wabash National by 7.0% in the fourth quarter. Vident Advisory LLC now owns 25,752 shares of the company's stock valued at $441,000 after acquiring an additional 1,678 shares during the period. Parallel Advisors LLC lifted its holdings in Wabash National by 255.9% in the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after acquiring an additional 1,722 shares during the period. Inspire Investing LLC boosted its position in Wabash National by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock worth $399,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Wabash National by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock valued at $3,600,000 after purchasing an additional 2,704 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Company Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.