The stock of Whirlpool Corporation (NYSE:WHR) registered an increase of 4.81% in short interest. WHR’s total short interest was 4.22 million shares in September as published by FINRA. Its up 4.81% from 4.03M shares, reported previously. With 694,000 shares average volume, it will take short sellers 6 days to cover their WHR’s short positions. The short interest to Whirlpool Corporation’s float is 5.63%. The stock decreased 0.32% or $0.52 during the last trading session, hitting $162.29. Whirlpool Corporation (NYSE:WHR) has risen 6.86% since February 25, 2016 and is uptrending. It has underperformed by 4.39% the S&P500.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The company has a market cap of $12.41 billion. The Firm makes products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. It has a 14.37 P/E ratio. The Company’s divisions include North America, Latin America, EMEA and Asia.
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.08, from 1.19 in 2016Q1. The ratio fall, as 50 funds sold all Whirlpool Corporation shares owned while 189 reduced positions. 76 funds bought stakes while 189 increased positions. They now own 65.34 million shares or 4.77% less from 68.61 million shares in 2016Q1.
Edinburgh Partners Ltd holds 10.25% of its portfolio in Whirlpool Corporation for 405,439 shares. Trinity Street Asset Management Llp owns 262,647 shares or 10.17% of their US portfolio. Moreover, Greenhaven Associates Inc has 8.58% invested in the company for 2.63 million shares. The California-based Spitfire Capital Llc has invested 5.58% in the stock. Capital Growth Management Lp, a Massachusetts-based fund reported 720,000 shares.
Out of 6 analysts covering Whirlpool (NYSE:WHR), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Whirlpool has been the topic of 9 analyst reports since October 6, 2015 according to StockzIntelligence Inc. Gabelli downgraded the stock on September 12 to “Hold” rating.
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