Weyco Group, Inc. (NASDAQ:WEYS) Short Interest Down 21.3% in November

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 40,300 shares, a decline of 21.3% from the November 15th total of 51,200 shares. Approximately 0.7% of the company's shares are short sold. Based on an average trading volume of 13,100 shares, the short-interest ratio is currently 3.1 days.

Weyco Group Stock Performance

WEYS stock traded up $0.59 on Friday, reaching $36.10. The company's stock had a trading volume of 21,008 shares, compared to its average volume of 17,420. The firm has a market cap of $345.12 million, a PE ratio of 11.95 and a beta of 0.73. The business has a fifty day simple moving average of $35.20 and a two-hundred day simple moving average of $33.09. Weyco Group has a 12-month low of $27.05 and a 12-month high of $41.05.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be issued a $2.26 dividend. The ex-dividend date is Monday, November 18th. This is a positive change from Weyco Group's previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a yield of 25.04%. Weyco Group's dividend payout ratio (DPR) is 34.44%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Weyco Group from a "buy" rating to a "strong-buy" rating in a report on Friday, November 15th.

Insider Activity

In other news, VP Allison Woss sold 1,463 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total transaction of $55,316.03. Following the completion of the transaction, the vice president now directly owns 7,623 shares of the company's stock, valued at approximately $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Judy Anderson sold 2,893 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the sale, the chief financial officer now directly owns 13,100 shares in the company, valued at $497,538. The trade was a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,685 shares of company stock valued at $214,730. Insiders own 38.90% of the company's stock.

Institutional Trading of Weyco Group

Several large investors have recently bought and sold shares of WEYS. Innealta Capital LLC purchased a new stake in shares of Weyco Group in the second quarter worth $25,000. Allspring Global Investments Holdings LLC increased its holdings in Weyco Group by 2,329.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker's stock valued at $52,000 after buying an additional 1,654 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Weyco Group by 34.1% during the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker's stock valued at $68,000 after purchasing an additional 511 shares in the last quarter. Barclays PLC increased its stake in shares of Weyco Group by 263.8% in the third 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, Ritholtz Wealth Management boosted its stake in shares of Weyco Group by 23.4% in the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker's stock worth $340,000 after acquiring an additional 1,893 shares during the period. 23.59% of the stock is owned by institutional investors.

About Weyco Group

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.