Wex Incorporated (NYSE:WEX) Short Interest Increased By 13.16%

The stock of Wex Incorporated (NYSE:WEX) registered an increase of 13.16% in short interest. WEX’s total short interest was 2.28M shares in September as published by FINRA. Its up 13.16% from 2.02 million shares, reported previously. With 255,200 shares average volume, it will take short sellers 9 days to cover their WEX’s short positions. The short interest to Wex Incorporated’s float is 6.59%. The stock increased 2.45% or $2.57 during the last trading session, hitting $107.46. WEX Inc (NYSE:WEX) has risen 68.80% since February 25, 2016 and is uptrending. It has outperformed by 57.55% the S&P500.

WEX Inc. is a provider of corporate payment solutions. The company has a market cap of $4.60 billion. The Firm operates through three divisions: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. It has a 47.03 P/E ratio. The Fleet Solutions segment provides clients with payment and transaction processing services designed for the needs of commercial and government fleets.

Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.27, from 1.22 in 2016Q1. The ratio increased, as 16 funds sold all WEX Inc shares owned while 59 reduced positions. 25 funds bought stakes while 87 increased positions. They now own 39.12 million shares or 0.20% more from 39.04 million shares in 2016Q1.

Partners Group Holding Ag holds 4.33% of its portfolio in WEX Inc for 207,453 shares. Daruma Capital Management Llc owns 573,098 shares or 3.32% of their US portfolio. Moreover, Champlain Investment Partners Llc has 2.38% invested in the company for 1.56 million shares. The Massachusetts-based Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma has invested 1.48% in the stock. Atlanta Capital Management Co L L C, a Georgia-based fund reported 2.03 million shares.

Out of 15 analysts covering WEX Inc (NYSE:WEX), 4 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 27% are positive. WEX Inc has been the topic of 28 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock on September 19 with “Buy” rating.

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