Short Interest in Wise Group plc (NASDAQ:WSE) Increases By ∞

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

Wise Group Trading Down 11.5%

WSE opened at $11.31 on Monday. Wise Group has a 52-week low of $11.26 and a 52-week high of $17.47.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WSE shares. Zacks Research raised Wise Group to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings began coverage on shares of Wise Group in a research report on Friday, May 22nd. They set a “hold (c+)” rating on the stock. William Blair initiated coverage on shares of Wise Group in a research report on Monday, May 11th. They issued an “outperform” rating for the company. The Goldman Sachs Group upgraded Wise Group to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, UBS Group began coverage on Wise Group in a report on Friday. They issued a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.