Wright Medical Group (WMGI): Price Target and June Short Interest Disclosure

Wright Medical Group (WMGI) : The highest short term price target forecast on Wright Medical Group (WMGI) is $33 and the lowest target price is $22. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $26.31 with a standard deviation of $3.97.

Wright Medical Group (WMGI), According to the latest information the short interest in Wright Medical Group N.V. – Ordinary Shares shot up by 9.9% or 981,742 shares. The final shorts are 11% of the total floated shares. The positions increased from 9,968,058 shares on June 15,2016 to 10,949,800 on June 30,2016. According to the per-day average trading of 2,258,135 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Guggenheim Securities initiates coverage on Wright Medical Group (NASDAQ:WMGI). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on June 9, 2016.


Wright Medical Group (NASDAQ:WMGI): stock turned positive on Thursday. Though the stock opened at $21.58, the bulls momentum made the stock top out at $21.695 level for the day. The stock recorded a low of $21.17 and closed the trading day at $21.51, in the green by 0.37%. The total traded volume for the day was 1,908,529. The stock had closed at $21.43 in the previous days trading.

Wright Medical Group, Inc. is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc. (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients lifestyles. The Company operates through three segments: U.S., International and BioMimetic. The Companys business includes products that are used in foot and ankle repair, upper extremity products and biologics products, which are used to replace damaged or diseased bone, to stimulate bone growth and to provide other biological solutions for surgeons and patients. The Companys products include extremity hardware, foot and ankle hardware, upper extremity hardware and biologics.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.