Short Interest in Weyerhaeuser Decreases by 22.1% in August

According to recent data, there has been a significant decrease in short interest for Weyerhaeuser during the month of August. Short interest, which refers to the number of shares being sold short by investors, totaled 7,420,000 shares as of August 31st. This marks a decrease of 22.1% from the total of 9,520,000 shares on August 15th. The days-to-cover ratio, a measure of how long it would take to cover all short positions if every share traded represented a shorted share, is currently at 2.1 days. Currently, 1.0% of the shares of the stock are being sold short.

Several research firms have also provided their ratings and target prices for Weyerhaeuser. Truist Financial, for example, increased their price objective from $35.00 to $36.00 and gave the company a “hold” rating. DA Davidson increased their target price on the stock from $35.00 to $40.00. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 target price. Bank of America raised the stock’s rating from “neutral” to “buy” and increased their target price from $34.00 to $38.00. Finally, SpectralCast maintained their rating on the stock.

The stock market performance of Weyerhaeuser has seen some fluctuations recently. On Friday, NYSE WY traded down $0.15, reaching $32.55. The stock has a market cap of $23.79 billion, with a price-to-earnings ratio of 33.91.

Weyerhaeuser recently reported its earnings results for the quarter ending July 27th. The company achieved an EPS of $0.32, beating analysts’ consensus estimates of $0.21. The company had a net margin of 8.80% and a return on equity of 8.32%. Despite this, the company’s revenue for the quarter was down 36.7% compared to the same quarter last year.

In terms of dividends, Weyerhaeuser declared a quarterly dividend of $0.19 per share, which was paid on September 15th. This represents an annualized dividend yield of 2.33%.

As for insider trading, SVP Denise M. Merle sold 7,500 shares of Weyerhaeuser stock at an average price of $32.29. Institutional investors have also made modifications to their holdings of the company, with Aspire Private Capital LLC acquiring a new stake in the 1st quarter and Eagle Bay Advisors LLC acquiring a new stake in the 2nd quarter.

Weyerhaeuser Company, founded in 1900, is one of the largest private owners of timberlands globally. The company manages approximately 11 million acres of timberlands in the U.S. and has additional timberlands under long-term licenses in Canada. These timberlands are managed sustainably in compliance with recognized forestry standards.