WSP Global Inc. (OTCMKTS:WSPOF) Sees Significant Drop in Short Interest

WSP Global Inc. (OTCMKTS:WSPOF) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,759,196 shares, a drop of 34.3% from the July 30th total of 2,676,838 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 79,358 shares, the days-to-cover ratio is presently 22.2 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of WSP Global in a research note on Thursday, August 6th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Royal Bank Of Canada restated an “outperform” rating on shares of WSP Global in a report on Monday, August 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

WSP Global Trading Down 2.8%

WSPOF opened at $131.94 on Wednesday. The firm has a market capitalization of $17.79 billion and a price-to-earnings ratio of 35.76. The company’s 50 day simple moving average is $129.20 and its two-hundred day simple moving average is $144.93. WSP Global has a 1-year low of $111.08 and a 1-year high of $210.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.19 and a quick ratio of 1.19.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.