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

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

Analyst Upgrades and Downgrades

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

WSP Global Stock Performance

OTCMKTS WSPOF opened at $135.70 on Tuesday. The firm has a market cap of $18.29 billion and a price-to-earnings ratio of 36.77. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $129.00 and a 200-day moving average price of $145.32. WSP Global has a twelve month low of $111.08 and a twelve month high of $210.29.

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.