(NASDAQ:WSTC) shares saw light trading volume with 0 shares changing hands in the last trading session. Trading volume was down 100.00% under the stocks average daily volume.
Traders are a little more bullish on shares of the company recently if you watch the fall in short interest. The company realized a fall in short interest between September 15, 2017 and September 29, 2017 of -18.66%. Short shares decreased 273,957 over that timeframe. With short interest at 1,194,035 and short average daily volume at 429,064, days to cover is 3.0 and the percentage of shorted shares is 0.01% as of September 29.
These funds have shifted positions in (WSTC). As of the end of the quarter Exane Asset Management had acquired a total of 25,938 shares growing its holdings by 64.8%. The value of the company’s investment in West Corporation increased from $932,800,000 to $1,547,565,000 a change of $614,765,000 quarter to quarter. Denali Advisors LLC cut its stake by shedding 67 shares a decrease of 41.4% in the quarter. Denali Advisors LLC controls 95 shares worth $2,000. The value of the position overall is down by 50.0%.
As of quarter end Nationwide Fund Advisors had sold 75,812 shares trimming its position 75.8%. The value in dollars went from $2,332,000 to $568,000 decreasing 75.6% since the last quarter. As of the end of the quarter Aperio Group, LLC had bought 4,365 shares growing its stake by 50.3%. The value of the investment in (WSTC) increased from $212,000 to $306,000 a change of 44.3% for the reporting period.
The company is unchanged since yesterday’s close of $23.50. Shares last traded at $23.50 which is marginally higher than $23.42, the 50 day moving average and a bit lower than the 200 day moving average of $23.59. The 50 day moving average went up $0.08 or +0.35% and the 200 day average moved down $-0.09.
The P/E ratio is 9.30 and the market cap is 1.97B.
West Corporation (West), launched on February 22, 1994, is a global provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services. The Business’s segments include Unified Communications Services, which includes collaboration services, Unified Communications as a Service (UCaaS) and telecom services; Safety Services, which includes carrier services, next generation 9-1-1, government solutions and advanced services; Interactive Services, including outbound (proactive notifications-voice, text/short messaging service (SMS) and chat), inbound speech solutions (interactive voice response or IVR), cloud contact center technologies, Web, mobile and professional services, and Specialized Agent Services, which includes healthcare advocacy services, cost management services and revenue generation..