Notable Reporting: Will West Marine, Inc. Short Squeeze Soon?

Notable Reporting: Will West Marine, Inc. Short Squeeze Soon?

The stock of West Marine, Inc. (NASDAQ:WMAR) is a huge mover today! The stock decreased 3.73% or $0.32 during the last trading session, hitting $8.27. About 75,896 shares traded hands or 95.31% up from the average. West Marine, Inc. (NASDAQ:WMAR) has risen 1.10% since February 29, 2016 and is uptrending. It has underperformed by 9.32% the S&P500.
The move comes after 7 months negative chart setup for the $199.07 million company. It was reported on Oct, 1 by We have $7.11 PT which if reached, will make NASDAQ:WMAR worth $27.87 million less.

Analysts await West Marine, Inc. (NASDAQ:WMAR) to report earnings on November, 3. They expect $0.19 earnings per share, down 5.00% or $0.01 from last year’s $0.2 per share. WMAR’s profit will be $4.57M for 10.88 P/E if the $0.19 EPS becomes a reality. After $0.86 actual earnings per share reported by West Marine, Inc. for the previous quarter, Wall Street now forecasts -77.91% negative EPS growth.

According to Zacks Investment Research, “West Marine, Inc. is the largest specialty retailer of recreational and commercial boating supplies and apparel in the United States. They have three divisions (Stores, Wholesale (Port Supply), and Catalog), which all sell after-market recreational boating supplies directly to customers. They are also engaged, through its Port Supply business line and their stores, in the wholesale distribution of products to commercial customers and other retailers.”

Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.08, from 1.44 in 2016Q1. The ratio is positive, as 3 funds sold all West Marine, Inc. shares owned while 24 reduced positions. 11 funds bought stakes while 30 increased positions. They now own 15.16 million shares or 0.50% more from 15.09 million shares in 2016Q1.
Brandywine Invest Mgmt Limited Liability owns 19,000 shares or 0% of their US portfolio. Citigroup last reported 6,131 shares in the company. Callan Lc has 0.07% invested in the company for 20,200 shares. Martin Tn last reported 78,620 shares in the company. New York State Common Retirement Fund accumulated 16,400 shares or 0% of the stock. Creative Planning accumulated 0% or 6 shares. Moreover, Parametric Port Assocs Limited Com has 0% invested in West Marine, Inc. (NASDAQ:WMAR) for 45,486 shares. Kennedy Capital Management has 0.03% invested in the company for 148,676 shares. Axa has 0% invested in the company for 48,712 shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 727 shares. Chicago Equity Prns accumulated 0.01% or 33,820 shares. Moreover, Financial Bank Of New York Mellon has 0% invested in West Marine, Inc. (NASDAQ:WMAR) for 118,295 shares. Price T Rowe Associates Md, a Maryland-based fund reported 10,100 shares. Foundry Prtn Lc has 127,025 shares for 0.06% of their US portfolio. Signia Mgmt Limited Liability Company, a Washington-based fund reported 178,424 shares.

More news for West Marine, Inc. (NASDAQ:WMAR) were recently published by:, which released: “West Marine: A Value-Trap With Long-Term Downside” on December 24, 2015.‘s article titled: “West Marine’s (WMAR) CEO Matt Hyde on Q1 2016 Results – Earnings Call Transcript” and published on April 28, 2016 is yet another important article.

WMAR Company Profile

West Marine, Inc., incorporated on September 24, 1993, is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Firm offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its clients through physical stores and two e-commerce Websites. The Firm is a specialty retailer of boating supplies, gear, apparel, footwear and other waterlife-related products. The Firm operates approximately 260 stores located in approximately 40 states, Puerto Rico and Canada, reaching domestic, international and professional customers.

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