GWG Holdings Inc (NASDAQ:GWGH) Short Interest Up 350.8% in May
GWG Holdings Inc (NASDAQ:GWGH) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 53,200 shares, a growth of 350.8% from the April 30th total of 11,800 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 20,400 shares, the short-interest ratio is currently 2.6 days.
GWGH has been the topic of several recent research reports. Zacks Investment Research cut shares of GWG from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. ValuEngine upgraded shares of GWG from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st.
Shares of NASDAQ:GWGH traded down $0.25 during trading on Monday, hitting $9.36. The company’s stock had a trading volume of 100 shares, compared to its average volume of 22,058. GWG has a 12 month low of $4.80 and a 12 month high of $17.50. The stock has a market capitalization of $57.78 million, a PE ratio of 4.14 and a beta of 0.31.
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GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.
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