Wise Group plc (NASDAQ:WSE) Short Interest Up ∞ in May

Wise Group plc (NASDAQ:WSE) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 4,293,933 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 654,792 shares, the days-to-cover ratio is presently 6.6 days.

Wise Group Trading Down 4.9%

Wise Group stock traded down $0.57 during mid-day trading on Wednesday, hitting $10.97. The company had a trading volume of 1,437,664 shares, compared to its average volume of 1,640,725. Wise Group has a 1 year low of $10.73 and a 1 year high of $17.47.

Analyst Ratings Changes

Several brokerages recently weighed in on WSE. BNP Paribas Exane began coverage on shares of Wise Group in a report on Monday. They issued an “outperform” rating and a $16.69 target price on the stock. The Goldman Sachs Group raised shares of Wise Group to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings began coverage on shares of Wise Group in a report on Friday, May 22nd. They issued a “hold (c+)” rating on the stock. UBS Group began coverage on shares of Wise Group in a report on Friday, May 29th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Zacks Research raised shares of Wise Group to a “hold” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.35.