Washington Prime Group Inc. (WPG) Reaches $6.67 52 Week Low; Yirendai Limited (YRD) Shorts Increased By 14.4%

December 6, 2017 - By Adrian Mccoy

The stock of Washington Prime Group Inc. (NYSE:WPG) hit a new 52-week low and has $6.47 target or 3.00% below today’s $6.67 share price. The 5 months bearish chart indicates high risk for the $1.47 billion company. The 1-year low was reported on Dec, 6 by Barchart.com. If the $6.47 price target is reached, the company will be worth $44.13 million less. The stock decreased 3.33% or $0.23 during the last trading session, reaching $6.67. About 1.20 million shares traded. Washington Prime Group Inc. (NYSE:WPG) has declined 18.81% since December 6, 2016 and is downtrending. It has underperformed by 35.51% the S&P500.

Yirendai Limited (NYSE:YRD) had an increase of 14.4% in short interest. YRD’s SI was 1.41M shares in December as released by FINRA. Its up 14.4% from 1.23M shares previously. With 702,500 avg volume, 2 days are for Yirendai Limited (NYSE:YRD)’s short sellers to cover YRD’s short positions. The stock increased 2.77% or $0.97 during the last trading session, reaching $36.04. About 426,598 shares traded. Yirendai Ltd. (NYSE:YRD) has risen 117.29% since December 6, 2016 and is uptrending. It has outperformed by 100.59% the S&P500.

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the PeopleÂ’s Republic of China. The company has market cap of $2.16 billion. It offers standard and fasttrack loan products. It has a 11.15 P/E ratio. The firm also provides investing tools.

Analysts await Washington Prime Group Inc. (NYSE:WPG) to report earnings on February, 28. They expect $0.44 earnings per share, down 8.33% or $0.04 from last year’s $0.48 per share. WPG’s profit will be $97.04 million for 3.79 P/E if the $0.44 EPS becomes a reality. After $0.37 actual earnings per share reported by Washington Prime Group Inc. for the previous quarter, Wall Street now forecasts 18.92% EPS growth.

Among 5 analysts covering WP Glimcher (NYSE:WPG), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. WP Glimcher had 8 analyst reports since January 6, 2016 according to SRatingsIntel. The stock has “Underperform” rating by Boenning \u0026 Scattergood on Wednesday, August 23. The firm earned “Neutral” rating on Friday, January 22 by SunTrust. On Wednesday, January 6 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm earned “Hold” rating on Friday, July 28 by Boenning & Scattergood. Goldman Sachs downgraded the shares of WPG in report on Friday, July 15 to “Neutral” rating. The firm earned “Neutral” rating on Wednesday, April 6 by Boenning & Scattergood. The stock of Washington Prime Group Inc. (NYSE:WPG) has “Neutral” rating given on Friday, January 22 by Suntrust Robinson.

Washington Prime Group Inc. (NYSE:W

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