Wpp Plc (NYSE:WPP) Short Interest Update

Wpp Plc (NYSE:WPPGet Free Report) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 3,187,080 shares, an increase of 41.1% from the January 29th total of 2,259,235 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 706,531 shares, the days-to-cover ratio is currently 4.5 days. Based on an average daily trading volume, of 706,531 shares, the days-to-cover ratio is currently 4.5 days. Currently, 1.5% of the shares of the company are short sold.

WPP Price Performance

NYSE:WPP traded down $0.80 during midday trading on Tuesday, hitting $16.31. 527,728 shares of the stock were exchanged, compared to its average volume of 722,277. WPP has a one year low of $15.89 and a one year high of $41.87. The business has a 50-day moving average price of $20.43 and a two-hundred day moving average price of $22.09.

Analysts Set New Price Targets

A number of analysts have commented on WPP shares. Zacks Research upgraded WPP from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen downgraded WPP from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th. Barclays raised shares of WPP from an “underweight” rating to an “equal weight” rating in a research note on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of WPP in a research report on Wednesday, January 21st. Finally, Citigroup assumed coverage on shares of WPP in a report on Monday, January 12th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Research Report on WPP

More WPP News

Here are the key news stories impacting WPP this week:

Institutional Investors Weigh In On WPP

A number of institutional investors and hedge funds have recently modified their holdings of WPP. Allworth Financial LP increased its stake in WPP by 38.9% in the 3rd quarter. Allworth Financial LP now owns 1,852 shares of the business services provider’s stock valued at $46,000 after buying an additional 519 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of WPP by 1.3% during the second quarter. Hantz Financial Services Inc. now owns 41,521 shares of the business services provider’s stock worth $1,454,000 after acquiring an additional 553 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of WPP by 30.3% during the third quarter. Blue Trust Inc. now owns 2,592 shares of the business services provider’s stock worth $65,000 after acquiring an additional 602 shares in the last quarter. Cetera Investment Advisers boosted its position in WPP by 9.2% during the second quarter. Cetera Investment Advisers now owns 7,766 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 654 shares during the last quarter. Finally, Rothschild Investment LLC grew its stake in WPP by 47.7% in the third quarter. Rothschild Investment LLC now owns 2,038 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 658 shares in the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Company Profile

(Get Free Report)

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.

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