WESCO International (WCC): Price Target and June Short Interest Disclosure

WESCO International (WCC) : The highest short term price target forecast on WESCO International (WCC) is $65 and the lowest target price is $47. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $56.56 with a standard deviation of $6.17.

WESCO International (WCC), According to the latest information the short interest in Wesco International plummeted by 6% or 239,722 shares. The final shorts are 8.9% of the total floated shares. The positions dropped from 3,976,702 shares on June 15,2016 to 3,736,980 on June 30,2016. According to the per-day average trading of 778,657 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Standpoint Research downgrades the rating on WESCO International (NYSE:WCC). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 22, 2016.


WESCO International (NYSE:WCC): stock turned positive on Thursday. Though the stock opened at $54.16, the bulls momentum made the stock top out at $54.8 level for the day. The stock recorded a low of $53.89 and closed the trading day at $54.51, in the green by 1.62%. The total traded volume for the day was 2,252,249. The stock had closed at $53.64 in the previous days trading.

WESCO International, Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials and advanced supply chain management and logistics services. The Companys product categories include general electrical and industrial supplies, wire, cable and conduit, data and broadband communications, power distribution equipment, lighting and lighting control systems, control and automation, motors, and safety. It offers a portfolio of value-added capabilities, which includes supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting, limited assembly of products and system installation.

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