W R Berkley Corporation (NYSE:WRB) Shorted Shares Increased By 2.9%

The stock of W R Berkley Corporation (NYSE:WRB) registered an increase of 2.9% in short interest. WRB’s total short interest was 5.03M shares in September as published by FINRA. Its up 2.9% from 4.89 million shares, reported previously. With 394,300 shares average volume, it will take short sellers 13 days to cover their WRB’s short positions. The short interest to W R Berkley Corporation’s float is 5.15%. The stock increased 0.81% or $0.47 during the last trading session, hitting $58.36. W. R. Berkley Corp (NYSE:WRB) has risen 12.14% since February 25, 2016 and is uptrending. It has outperformed by 0.89% the S&P500.

W. R. Berkley Corporation is an insurance holding company. The company has a market cap of $7.25 billion. The Firm operates in the three divisions of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. It has a 15.31 P/E ratio. The Company’s Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.

Out of 4 analysts covering W.R. Berkley (NYSE:WRB), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $54 is the highest target while $52 is the lowest. The $53 average target is -9.18% below today’s ($58.36) stock price. W.R. Berkley has been the topic of 4 analyst reports since October 13, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on February 3 with “Sector Perform” rating.

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