WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Short Interest Update

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 18,750,000 shares, an increase of 26.9% from the March 15th total of 14,770,000 shares. Based on an average daily volume of 3,480,000 shares, the days-to-cover ratio is presently 5.4 days. Approximately 10.5% of the shares of the stock are short sold.

WillScot Mobile Mini Trading Up 2.8 %

Shares of NASDAQ WSC traded up $0.65 during mid-day trading on Thursday, reaching $23.99. 144,038 shares of the company's stock were exchanged, compared to its average volume of 2,719,446. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 159.74, a PEG ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini has a 52-week low of $21.91 and a 52-week high of $43.80. The company's 50-day moving average is $28.93 and its 200-day moving average is $33.93. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. Analysts expect that WillScot Mobile Mini will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.

Insider Activity

In other news, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the sale, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in WillScot Mobile Mini by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after buying an additional 683 shares during the period. State of Wyoming acquired a new position in WillScot Mobile Mini during the 4th quarter worth approximately $34,000. Golden State Wealth Management LLC increased its position in shares of WillScot Mobile Mini by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after purchasing an additional 1,122 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of WillScot Mobile Mini by 28.0% in the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after purchasing an additional 1,113 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on WSC. Morgan Stanley dropped their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Oppenheimer cut their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Barclays lowered their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, Robert W. Baird cut their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.