Werner Enterprises Incorporated (NASDAQ:WERN) Shorts Decreased by 13.06% After Short Covering

The stock of Werner Enterprises Incorporated (NASDAQ:WERN) registered a decrease of 13.06% in short interest. WERN’s total short interest was 5.36 million shares in September as published by FINRA. Its down 13.06% from 6.17M shares, reported previously. With 651,900 shares average volume, it will take short sellers 8 days to cover their WERN’s short positions. The short interest to Werner Enterprises Incorporated’s float is 12.04%. The stock increased 2.24% or $0.51 during the last trading session, hitting $23.23. Werner Enterprises, Inc. (NASDAQ:WERN) has declined 13.16% since February 25, 2016 and is downtrending. It has underperformed by 24.41% the S&P500.

Werner Enterprises, Inc. is a transportation and logistics company. The company has a market cap of $1.67 billion. The Firm is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It has a 15.72 P/E ratio. The Firm operates through two divisions: Truckload Transportation Services and Value Added Services (VAS).

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.22, from 1.25 in 2016Q1. The ratio is negative, as 30 funds sold all Werner Enterprises, Inc. shares owned while 50 reduced positions. 19 funds bought stakes while 63 increased positions. They now own 42.00 million shares or 11.78% less from 47.61 million shares in 2016Q1.

Speece Thorson Capital Group Inc holds 3.02% of its portfolio in Werner Enterprises, Inc. for 605,741 shares. 12Th Street Asset Management Company Llc owns 246,916 shares or 2.25% of their US portfolio. Moreover, Fairpointe Capital Llc has 1.77% invested in the company for 3.40 million shares. The Illinois-based Aston Asset Management Llc has invested 0.69% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 106,369 shares.

Out of 17 analysts covering Werner Enterprises (NASDAQ:WERN), 2 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 12% are positive. Werner Enterprises has been the topic of 29 analyst reports since October 5, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock on July 22 with “Market Perform” rating.

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