After Reaching Milestone, Is Costco Wholesale Corporation (NASDAQ:COST)’s Short Interest Revealing Something?

April 24, 2018 - By Clifton Ray

Costco Wholesale Corporation (NASDAQ:COST) Logo

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.21, from 1.19 in 2017Q3. It dived, as 64 investors sold Costco Wholesale Corporation shares while 442 reduced holdings. 134 funds opened positions while 364 raised stakes. 308.22 million shares or 1.23% more from 304.48 million shares in 2017Q3 were reported.
Carret Asset Mngmt Lc, New York-based fund reported 1,847 shares. Meridian reported 9,820 shares stake. Pub Employees Retirement Of Ohio reported 304,092 shares or 0.28% of all its holdings. Capital Counsel Ltd Com reported 226,278 shares. Renaissance Inv Limited Liability Corp reported 1.46% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Bokf Na invested 0.15% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Hexavest Incorporated accumulated 231,717 shares. Acadian Asset Limited Liability Company holds 289,484 shares. Wendell David Associates has 0.04% invested in Costco Wholesale Corporation (NASDAQ:COST). Obermeyer Wood Investment Counsel Lllp invested 0.03% in Costco Wholesale Corporation (NASDAQ:COST). Tocqueville Asset L P accumulated 0.01% or 5,943 shares. Rnc Capital Lc reported 1,077 shares. Engineers Gate Manager Lp has 16,927 shares for 0.22% of their portfolio. Ohio-based Hendley Inc has invested 0.23% in Costco Wholesale Corporation (NASDAQ:COST). Intrust Retail Bank Na reported 0.21% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST).

Since October 25, 2017, it had 0 buys, and 14 selling transactions for $21.65 million activity. Rose Timothy L. sold $2.21 million worth of stock. Another trade for 5,000 shares valued at $943,080 was sold by Hines Daniel M.. Shares for $977,510 were sold by Vachris Roland Michael. $2.41M worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Miller Russell D on Thursday, April 19. Murphy James P. had sold 5,000 shares worth $937,421. GALANTI RICHARD A sold $958,087 worth of stock or 5,000 shares.

The stock of Costco Wholesale Corporation (NASDAQ:COST) registered a decrease of 1.92% in short interest. COST’s total short interest was 7.14M shares in April as published by FINRA. Its down 1.92% from 7.28M shares, reported previously. With 2.45M shares average volume, it will take short sellers 3 days to cover their COST’s short positions. The short interest to Costco Wholesale Corporation’s float is 1.65%.

The stock increased 0.13% or $0.25 during the last trading session, reaching $193.6. About 549,533 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since April 24, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company has market cap of $84.96 billion. It offers branded and private-label products in a range of merchandise categories. It has a 28.86 P/E ratio. The firm provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio; meat, bakery, deli, and produces; and apparel and small appliances.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 16 analysts covering Costco (NASDAQ:COST), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Costco had 27 analyst reports since November 3, 2017 according to SRatingsIntel. As per Friday, January 12, the company rating was upgraded by Gordon Haskett. The stock has “Buy” rating by RBC Capital Markets on Thursday, March 8. The company was maintained on Friday, January 5 by Tigress Financial. Jefferies maintained the shares of COST in report on Friday, December 15 with “Hold” rating. The stock has “Outperform” rating by BMO Capital Markets on Monday, December 18. Raymond James maintained the shares of COST in report on Tuesday, December 5 with “Buy” rating. The company was maintained on Thursday, April 12 by Robert W. Baird. Guggenheim maintained the stock with “Hold” rating in Wednesday, November 22 report. The rating was maintained by Oppenheimer on Monday, January 8 with “Buy”. On Friday, December 15 the stock rating was maintained by Cowen & Co with “Buy”.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.