Weyco Group, Inc. (NASDAQ:WEYS) Short Interest Update

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 42,500 shares, a drop of 18.6% from the December 31st total of 52,200 shares. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is presently 2.5 days. Approximately 0.7% of the company's stock are short sold.

Insiders Place Their Bets

In other news, insider Damian Walton sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $38.21, for a total value of $38,210.00. Following the completion of the transaction, the insider now owns 6,030 shares in the company, valued at $230,406.30. This trade represents a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Allison Woss sold 1,463 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total value of $55,316.03. Following the completion of the sale, the vice president now directly owns 7,623 shares in the company, valued at approximately $288,225.63. The trade was a 16.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,685 shares of company stock worth $214,730 over the last three months. Company insiders own 38.90% of the company's stock.

Institutional Trading of Weyco Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Weyco Group by 22,965.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,146 shares of the textile maker's stock worth $606,000 after buying an additional 16,076 shares in the last quarter. Annex Advisory Services LLC lifted its position in Weyco Group by 36.7% in the 4th quarter. Annex Advisory Services LLC now owns 34,428 shares of the textile maker's stock valued at $1,293,000 after acquiring an additional 9,245 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Weyco Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker's stock valued at $16,947,000 after purchasing an additional 8,930 shares during the last quarter. Barclays PLC increased its holdings in shares of Weyco Group by 263.8% in the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker's stock worth $273,000 after purchasing an additional 5,803 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Weyco Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker's stock worth $5,271,000 after purchasing an additional 5,307 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors.

Weyco Group Stock Performance

Shares of WEYS traded up $0.73 during mid-day trading on Tuesday, reaching $35.24. The company had a trading volume of 4,767 shares, compared to its average volume of 10,462. Weyco Group has a 52 week low of $27.05 and a 52 week high of $41.05. The company has a market capitalization of $336.89 million, a price-to-earnings ratio of 11.67 and a beta of 0.70. The firm has a 50-day moving average price of $35.76 and a 200 day moving average price of $34.62.

Weyco Group (NASDAQ:WEYS - Get Free Report) last released its earnings results on Tuesday, November 5th. The textile maker reported $0.84 EPS for the quarter. The firm had revenue of $74.33 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Weyco Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 15th.

Weyco Group Company Profile

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.