Investors are betting against Western Refining (WNR), Should You? - Tale of the Tape

By Zacks Equity Research,

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Many investors appear to be quite bearish Western Refining, Inc. ( WNR ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 29.3% of the float is sold short, suggesting an extreme level of bearishness for WNR .

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on WNR , so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of WNR to move higher in the weeks ahead.

WESTERN REFING (WNR): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: WNR

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