Worldline (OTCMKTS:WWLND) Sees Significant Drop in Short Interest

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

Worldline Stock Performance

Shares of OTCMKTS WWLND opened at $12.13 on Friday. Worldline has a fifty-two week low of $0.20 and a fifty-two week high of $6.22. The company’s 50 day simple moving average is $13.60. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WWLND. The Goldman Sachs Group downgraded shares of Worldline from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Zacks Research raised shares of Worldline to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average 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.