What’s Ahead for W.R. Berkley Corporation (NYSE:WRB) After More Shorted Shares?

W. R. Berkley Corporation (NYSE:WRB) Logo

The stock of W.R. Berkley Corporation (NYSE:WRB) registered an increase of 8.24% in short interest. WRB’s total short interest was 4.37 million shares in May as published by FINRA. Its up 8.24% from 4.04 million shares, reported previously. With 352,400 shares average volume, it will take short sellers 12 days to cover their WRB’s short positions. The short interest to W.R. Berkley Corporation’s float is 4.51%.

The stock increased 0.05% or $0.03 during the last trading session, reaching $62.04. About 124,657 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 25.96% since May 31, 2018 and is uptrending. It has outperformed by 21.59% the S&P500.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writer in the United States and internationally. The company has market cap of $11.36 billion. It operates through two divisions, Insurance and Reinsurance. It has a 18.23 P/E ratio. The Insurance segment underwrites insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

W. R. Berkley Corporation (NYSE:WRB) Ratings Coverage

Among 2 analysts covering WR Berkley (NYSE:WRB), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. WR Berkley had 5 analyst reports since January 3, 2019 according to SRatingsIntel. Morgan Stanley maintained W. R. Berkley Corporation (NYSE:WRB) on Thursday, January 3 with “Equal-Weight” rating. As per Wednesday, April 24, the company rating was maintained by UBS.

More notable recent W. R. Berkley Corporation (NYSE:WRB) news were published by: Finance.Yahoo.com which released: “These Fundamentals Make W. R. Berkley Corporation (NYSE:WRB) Truly Worth Looking At – Yahoo Finance” on May 07, 2019, also Seekingalpha.com with their article: “W.R. Berkley Q1 2019 Earnings Preview – Seeking Alpha” published on April 22, 2019, Seekingalpha.com published: “W.R. Berkley Q1 net premium growth aided by rate improvement – Seeking Alpha” on April 23, 2019. More interesting news about W. R. Berkley Corporation (NYSE:WRB) were released by: Businesswire.com and their article: “AM Best Affirms Credit Ratings of W. R. Berkley Corporation and Its Subsidiaries – Business Wire” published on May 10, 2019 as well as Fool.com‘s news article titled: “3 Top Insurance Stocks to Buy in March – Motley Fool” with publication date: March 24, 2019.

W. R. Berkley Corporation (NYSE:WRB) Institutional Positions Chart

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