Worldline (OTCMKTS:WWLND) Sees Large Decline in Short Interest

Worldline (OTCMKTS:WWLND) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 141,633 shares, a decrease of 97.7% from the May 31st total of 6,122,503 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Currently, 2.0% of the company’s shares are short sold.

Worldline Price Performance

Shares of WWLND stock remained flat at $12.13 on Thursday. The stock had a trading volume of 3 shares, compared to its average volume of 156. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $13.61. Worldline has a 1-year low of $0.20 and a 1-year high of $6.22.

Analyst Ratings Changes

WWLND has been the subject of several recent analyst reports. The Goldman Sachs Group cut Worldline from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Zacks Research raised shares of Worldline to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Worldline presently has a consensus rating of “Reduce”.

About Worldline

Worldline is a global leader in payment and transactional services, providing end-to-end solutions to merchants, banks and public sector organizations. Headquartered in France, the company specializes in secure payment processing, digital banking services and mobility solutions, supporting seamless customer experiences across online, in-store and mobile channels.

Worldline’s core offerings include merchant acquiring and point-of-sale services, card and digital payment processing, issuer processing and digital account services.