WMIH Corp. (WMIH) Reaches 52-Week Low

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The company is so far trading down from yesterday’s close of 0.83. Company shares last traded at $0.79 quite a bit lower than $1.02, the 50 day moving average and which is well below the 200 day moving average of $1.20. The 50 day moving average went down by -22.59% whereas the 200 day moving average was down $-0.41 or -34.02%.

Traders are more bearish on the company if you evaluate the change in short interest. The stock realized a rise in short interest of 4.47% as of September 29, 2017 from the last reporting period. Short shares increased 290,029 over that period. With short interest at 6,784,337 and short average daily volume at 506,847, the short-interest ratio is 13.0 and the short interest percentage is 0.03% as of September 29.

WMIH Corp., launched on February 25, 2015, is a holding company. The Company is the parent company of WM Mortgage Reinsurance Company, Inc. (WMMRC) and WMI Investment Corp. (WMIIC). The Company is seeking acquisition opportunities across a range of industries with a specific focus in the financial services industry, including targets with consumer finance, specialty finance, leasing and insurance operations. WMMRC is a captive insurance company domiciled in the State of Hawaii..

The following firms have recently changed their position in WMIH. As of the end of the quarter Squarepoint Ops LLC had bought 9,433 shares growing its position 18.7%. The value of the company’s investment in WMIH Corp. increased from $73,000 to $75,000 increasing 2.7% for the reporting period. As of quarter end Evanson Asset Management, LLC had disposed of a total of 12 shares trimming its stake by 0.0%. The value in dollars went from $492,000 to $424,000 a change of 13.8% quarter to quarter.

Creative Planning augmented its holdings by buying 9,485 shares an increase of 450.4% from 06/30/2017 to 09/30/2017. Creative Planning currently owns 11,591 shares worth $11,000. The total value of its holdings increased 266.7%. As of quarter end Balter Liquid Alternatives, LLC had bought a total of 160,441 shares growing its holdings by 105.5%. The value of the investment in WMIH Corp. increased from $190,000 to $297,000 a change of $107,000 quarter over quarter.

The company currently has a P/E ratio of 6.32 and the market cap of the company is 158.00M.