After Reaching Milestone, Is W.W. Grainger Inc (NYSE:GWW)’s Short Interest Revealing Something?

W.W. Grainger, Inc. (NYSE:GWW) Logo

Investors sentiment increased to 0.92 in 2019 Q1. Its up 0.18, from 0.74 in 2018Q4. It increased, as 31 investors sold W.W. Grainger, Inc. shares while 190 reduced holdings. 70 funds opened positions while 133 raised stakes. 43.13 million shares or 6.27% less from 46.01 million shares in 2018Q4 were reported.
Public Employees Retirement Of Ohio accumulated 18,435 shares or 0.03% of the stock. First Hawaiian Bancorp owns 1,844 shares. Fil Limited has invested 0% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). Bnp Paribas Arbitrage Sa has 0% invested in W.W. Grainger, Inc. (NYSE:GWW) for 17,635 shares. Engineers Gate Manager Lp reported 13,900 shares. Blackrock owns 3.26M shares or 0.04% of their US portfolio. Charles Schwab Management holds 0.04% or 200,860 shares in its portfolio. Cibc Asset Management holds 5,625 shares. Contravisory Inv Management reported 0.12% stake. Employees Retirement Of Texas has 7,300 shares. Retirement Systems Of Alabama owns 0.03% invested in W.W. Grainger, Inc. (NYSE:GWW) for 20,999 shares. 2,441 were accumulated by Wedge Mgmt L Lp Nc. Nuwave Inv Management Ltd Liability owns 219 shares or 0.08% of their US portfolio. Oregon Public Employees Retirement Fund invested in 0.04% or 10,366 shares. Trexquant Investment Limited Partnership owns 889 shares.

The stock of W.W. Grainger Inc (NYSE:GWW) registered an increase of 5.15% in short interest. GWW’s total short interest was 2.86M shares in September as published by FINRA. Its up 5.15% from 2.72 million shares, reported previously. With 485,400 shares average volume, it will take short sellers 6 days to cover their GWW’s short positions. The short interest to W.W. Grainger Inc’s float is 6.34%.

The stock increased 1.43% or $3.97 during the last trading session, reaching $282.19. About 133,608 shares traded. W.W. Grainger, Inc. (NYSE:GWW) has declined 13.50% since September 9, 2018 and is downtrending. It has underperformed by 13.50% the S&P500.

W.W. Grainger, Inc. distributes maintenance, repair, and operating supplies; and other related services and products that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company has market cap of $15.15 billion. It operates through two divisions, U.S. and Canada. It has a 19.31 P/E ratio. The firm offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, building and home inspection supplies, vehicle and fleet components, and various other products.

W.W. Grainger, Inc. (NYSE:GWW) Ratings Coverage

Among 3 analysts covering W.W. Grainger (NYSE:GWW), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. W.W. Grainger has $32000 highest and $260 lowest target. $285.75’s average target is 1.26% above currents $282.19 stock price. W.W. Grainger had 13 analyst reports since March 28, 2019 according to SRatingsIntel. On Friday, June 21 the stock rating was downgraded by Atlantic Securities to “Sell”. As per Monday, July 29, the company rating was maintained by Morgan Stanley. Buckingham Research maintained W.W. Grainger, Inc. (NYSE:GWW) rating on Wednesday, April 17. Buckingham Research has “Neutral” rating and $316 target.

More notable recent W.W. Grainger, Inc. (NYSE:GWW) news were published by: Seekingalpha.com which released: “W.W. Grainger Q2 2019 Earnings Preview – Seeking Alpha” on July 23, 2019, also Finance.Yahoo.com with their article: “Why W.W. Grainger, Inc. (NYSE:GWW) Looks Like A Quality Company – Yahoo Finance” published on May 21, 2019, Finance.Yahoo.com published: “Were Hedge Funds Right About Flocking Into W.W. Grainger, Inc. (GWW) ? – Yahoo Finance” on June 10, 2019. More interesting news about W.W. Grainger, Inc. (NYSE:GWW) were released by: Seekingalpha.com and their article: “W.W. Grainger declares $1.44 dividend – Seeking Alpha” published on April 24, 2019 as well as Finance.Yahoo.com‘s news article titled: “W.W. Grainger, Inc. (NYSE:GWW) Earns A Nice Return On Capital Employed – Yahoo Finance” with publication date: August 05, 2019.

W.W. Grainger, Inc. (NYSE:GWW) Institutional Positions Chart

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