Willdan Group, Inc. (NASDAQ:WLDN) Short Interest Update

Willdan Group, Inc. (NASDAQ:WLDN - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 431,300 shares, an increase of 45.8% from the March 15th total of 295,800 shares. Based on an average daily volume of 141,600 shares, the short-interest ratio is presently 3.0 days. Currently, 3.4% of the shares of the company are sold short.

Willdan Group Stock Down 4.1 %

NASDAQ:WLDN traded down $1.58 during trading hours on Monday, hitting $36.90. The company's stock had a trading volume of 65,547 shares, compared to its average volume of 132,052. The stock has a fifty day moving average of $37.70 and a 200-day moving average of $39.76. The stock has a market capitalization of $531.66 million, a P/E ratio of 22.64 and a beta of 1.12. Willdan Group has a 52-week low of $26.58 and a 52-week high of $50.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

WLDN has been the topic of a number of analyst reports. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a report on Monday, March 10th.

Insider Buying and Selling

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Willdan Group

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Willdan Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock worth $275,000 after buying an additional 304 shares during the period. Navellier & Associates Inc. lifted its position in Willdan Group by 4.4% in the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after purchasing an additional 341 shares during the period. Wulff Hansen & CO. boosted its holdings in Willdan Group by 1.6% in the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock valued at $869,000 after purchasing an additional 370 shares in the last quarter. Stifel Financial Corp increased its position in Willdan Group by 2.9% during the 4th quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock worth $628,000 after purchasing an additional 461 shares during the period. Finally, Inspire Investing LLC grew its holdings in Willdan Group by 2.4% during the fourth quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock worth $815,000 after acquiring an additional 501 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.