Short Story: Washington Federal

| About: Washington Federal, (WAFD)

Wash fedAs you can see from this graph of Washington Federal (WFSL), short investors have been increasing their positions dramatically in the loan holding company, and with good reason. The share price has dropped from $25 in January to $15 today, so for those investors who came to the trade at the correct time, sizable profits would have been made. On Tuesday the company saw its shares hit a 52-week low due to its large residential construction loan portfolio.

Utilisation is at 48% and there are 16.27 Days to Cover.