World Fuel Services Co. (NYSE:INT) Sees Significant Growth in Short Interest

World Fuel Services Co. (NYSE:INT – Get Rating) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,470,000 shares, an increase of 8.1% from the February 13th total of 1,360,000 shares. Based on an average daily trading volume, of 404,800 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on World Fuel Services in a research note on Thursday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On World Fuel Services

Institutional investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new position in shares of World Fuel Services during the third quarter worth approximately $26,000. Gladius Capital Management LP acquired a new position in shares of World Fuel Services during the fourth quarter worth approximately $37,000. Rockefeller Capital Management L.P. grew its holdings in World Fuel Services by 1,982.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,395 shares of the oil and gas company’s stock worth $38,000 after buying an additional 1,328 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in World Fuel Services by 80.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,664 shares of the oil and gas company’s stock worth $45,000 after buying an additional 744 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in World Fuel Services by 18.3% during the second quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock worth $56,000 after buying an additional 419 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

World Fuel Services Price Performance

Shares of INT opened at $24.23 on Friday. World Fuel Services has a 52-week low of $19.29 and a 52-week high of $30.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 1.14. The business’s 50 day moving average price is $27.92 and its two-hundred day moving average price is $26.89. The firm has a market cap of $1.50 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26.

World Fuel Services (NYSE:INT – Get Rating) last issued its earnings results on Thursday, February 23rd. The oil and gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. World Fuel Services had a return on equity of 6.56% and a net margin of 0.19%. The company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $14.56 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that World Fuel Services will post 2.16 EPS for the current year.

World Fuel Services Company Profile

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World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft.