YRC Worldwide Inc (NASDAQ:YRCW) Short Interest Up 37.8% in August

YRC Worldwide Inc (NASDAQ:YRCW) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,944,500 shares, a growth of 37.8% from the July 31st total of 4,314,600 shares. Based on an average daily volume of 880,200 shares, the short-interest ratio is currently 6.8 days. Approximately 18.3% of the company’s shares are short sold.

Several research firms recently weighed in on YRCW. TheStreet downgraded shares of YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th. Deutsche Bank set a $8.00 target price on YRC Worldwide and gave the company a “buy” rating in a research report on Monday, May 20th. Stephens set a $5.00 price target on YRC Worldwide and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.85.

NASDAQ YRCW traded up $0.94 during trading on Wednesday, hitting $4.40. The stock had a trading volume of 4,780,239 shares, compared to its average volume of 999,115. The company has a market capitalization of $93.59 million, a PE ratio of 9.78 and a beta of 4.59. The firm has a 50 day moving average price of $2.68 and a 200 day moving average price of $5.00. YRC Worldwide has a twelve month low of $1.95 and a twelve month high of $9.90.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Friday, August 9th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.95). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.29 billion. YRC Worldwide had a negative return on equity of 1.93% and a negative net margin of 0.96%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities research analysts forecast that YRC Worldwide will post -1.84 EPS for the current year.

Several hedge funds have recently made changes to their positions in YRCW. Royce & Associates LP purchased a new stake in YRC Worldwide during the 1st quarter worth approximately $38,000. BNP Paribas Arbitrage SA boosted its position in YRC Worldwide by 86.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,215 shares of the transportation company’s stock valued at $48,000 after buying an additional 3,335 shares during the period. Commonwealth Equity Services LLC purchased a new position in YRC Worldwide in the 2nd quarter valued at approximately $54,000. Metropolitan Life Insurance Co NY acquired a new position in shares of YRC Worldwide in the first quarter worth $77,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of YRC Worldwide in the first quarter worth $108,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

About YRC Worldwide

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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