Short Interest in Weyco Group, Inc. (NASDAQ:WEYS) Declines By 28.7%

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 67,269 shares, a decline of 28.7% from the December 15th total of 94,402 shares. Based on an average daily volume of 13,439 shares, the days-to-cover ratio is presently 5.0 days. Currently, 1.1% of the company's stock are short sold. Currently, 1.1% of the company's stock are short sold. Based on an average daily volume of 13,439 shares, the days-to-cover ratio is presently 5.0 days.Insider Buying and Selling at Weyco GroupHigh-Yield Weyco Group Returns To Reasonable LevelsIn related news, VP Dustin Combs sold 1,059 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $30.09, for a total transaction of $31,865.31. Following the completion of the transaction, the vice president owned 3,455 shares of the company's stock, valued at $103,960.95. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 35.50% of the stock is owned by insiders. Institutional Trading of Weyco GroupA number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. bought a new stake in shares of Weyco Group during the 2nd quarter worth approximately $822,000. Associated Banc Corp bought a new position in Weyco Group in the 3rd quarter valued at $1,345,000. Strs Ohio purchased a new stake in Weyco Group in the first quarter worth $466,000. Ritholtz Wealth Management bought a new stake in shares of Weyco Group during the second quarter worth $398,000. Finally, Voya Investment Management LLC bought a new stake in shares of Weyco Group during the first quarter worth $201,000. 23.59% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price TargetsSeparately, Weiss Ratings upgraded shares of Weyco Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".Get Our Latest Report on WEYSWeyco Group Stock PerformanceShares of WEYS opened at $30.86 on Friday. The company's fifty day moving average is $31.26 and its 200 day moving average is $30.72. Weyco Group has a fifty-two week low of $25.51 and a fifty-two week high of $37.25. The stock has a market capitalization of $294.71 million, a PE ratio of 12.15 and a beta of 0.97. Weyco Group (NASDAQ:WEYS - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The textile maker reported $0.69 EPS for the quarter. Weyco Group had a net margin of 8.71% and a return on equity of 9.82%. The business had revenue of $73.12 million during the quarter. Weyco Group Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, November 17th were given a dividend of $0.27 per share. The ex-dividend date was Monday, November 17th. This represents a $1.08 dividend on an annualized basis and a yield of 3.5%. Weyco Group's payout ratio is 42.52%. About Weyco Group (Get Free Report)Weyco Group, Inc is a publicly traded footwear company NASDAQ: WEYS based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women. The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men's dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.Recommended StoriesFive stocks we like better than Weyco GroupElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest Yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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