The stock of Willbros Group Delaware (NYSE:WG) registered a decrease of 8.12% in short interest. WG’s total short interest was 2.14 million shares in September as published by FINRA. Its down 8.12% from 2.33M shares, reported previously. With 154,300 shares average volume, it will take short sellers 14 days to cover their WG’s short positions. The short interest to Willbros Group Delaware’s float is 4.41%. The stock increased 6.25% or $0.11 during the last trading session, hitting $1.87. Willbros Group Inc (NYSE:WG) has risen 47.24% since February 25, 2016 and is uptrending. It has outperformed by 35.99% the S&P500.
Willbros Group, Inc. is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. The company has a market cap of $114.49 million. The Company’s offerings include construction, maintenance and facilities development services. It currently has negative earnings. The Firm operates through three divisions: Oil & Gas, Utility T&D and Canada.
Insitutional Activity: The institutional sentiment increased to 3.33 in Q2 2016. Its up 2.00, from 1.33 in 2016Q1. The ratio improved, as 5 funds sold all Willbros Group Inc shares owned while 10 reduced positions. 21 funds bought stakes while 29 increased positions. They now own 74.99 million shares or 119.69% more from 34.13 million shares in 2016Q1.
Gendell Jeffrey L holds 1.9% of its portfolio in Willbros Group Inc for 3.66 million shares. True Bearing Asset Management Lp owns 111,224 shares or 1.48% of their US portfolio. Moreover, Schneider Capital Management Corp has 1.12% invested in the company for 2.35 million shares. The Wisconsin-based Heartland Advisors Inc has invested 0.66% in the stock. Netols Asset Management Inc., a Wisconsin-based fund reported 788,511 shares.
Out of 2 analysts covering Willbros Group (NYSE:WG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Willbros Group has been the topic of 2 analyst reports since March 11, 2016 according to StockzIntelligence Inc. Morgan Stanley upgraded the stock on June 24 to “Equalweight” rating.
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