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Ex-Dividend Reminder: Wintrust Financial, Heritage Financial and Marketaxess Holdings
Friday, August 4, 10:20 AM ET, by Market News Video Staff

On 8/8/17, Wintrust Financial Corp (WTFC), Heritage Financial Corp. (HFWA), and Marketaxess Holdings Incorporated (MKTX) ...

Short Interest Increases 88.8% For HFWA
Wednesday, September 13, 2:15 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 08/31/2017 settlement date, which ...

Heritage Financial Reaches Analyst Target Price
Thursday, September 28, 9:13 AM ET, by Market News Video Staff

In recent trading, shares of Heritage Financial Corp. (HFWA) have crossed above the average analyst ...

HFWA Crosses Above Average Analyst Target
Monday, October 30, 9:18 AM ET, by Market News Video Staff

In recent trading, shares of Heritage Financial Corp. (HFWA) have crossed above the average analyst ...

Ex-Dividend Reminder: National Western Life Group, Heritage Financial and Federated Investors
Friday, November 3, 10:05 AM ET, by Market News Video Staff

On 11/7/17, National Western Life Group Inc (NWLI), Heritage Financial Corp. (HFWA), and Federated Investors ...

Heritage Financial Stock Sees Short Interest Increase 51.4%

By Market News Video Staff, Thursday, January 11, 2:45 PM ET
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The most recent short interest data has been released for the 12/29/2017 settlement date, which shows a 572,046 share increase in total short interest for Heritage Financial Corp. (NASDAQ:HFWA), to 1,684,637, an increase of 51.42% since 12/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for HFWA at the 12/29/2017 settlement decreased to 125,451, as compared to 181,356 at the 12/15/2017 report. That brought "days to cover" up to 13.43, a 118.89% increase from the 6.13 days to cover calculated at the previous short interest data release.

The below chart shows the historical "days to cover" for HFWA at previous short interest release dates:

An increased "days to cover" value could indicate that short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the stock will decline in price. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news short sellers might then rush to cover their positions, and if the "days to cover" number is high, it would then be more difficult to close those positions without sending the stock higher (until the higher price produces enough sellers to generate the necessary volume the short sellers need to close their positions).

The chart below shows the one year performance of HFWA shares, versus its 200 day moving average. Looking at this chart, HFWA's low point in its 52 week range is $22.50 per share, with $33.25 as the 52 week high point that compares with a last trade of $31.65.

Heritage Financial Corp.  Chart


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Heritage Financial Stock Sees Short Interest Increase 51.4% | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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