Will Willis Lease Finance Corporation (WLFC) Short Squeeze Soon? The Stock Formed a Double Top Chart Pattern

October 2, 2018 - By Ruchi Gupta

Investors sentiment decreased to 0.59 in 2018 Q2. Its down 0.27, from 0.86 in 2018Q1. It dived, as 2 investors sold Willis Lease Finance Corporation shares while 20 reduced holdings. 3 funds opened positions while 10 raised stakes. 2.19 million shares or 0.68% less from 2.21 million shares in 2018Q1 were reported.
Maltese Cap Ltd Liability Co stated it has 25,000 shares. Blackrock holds 179,912 shares. Tiaa Cref Investment Ltd Liability Corporation invested in 8,863 shares or 0% of the stock. 35,452 are held by Geode Cap Mgmt Limited Liability Com. Strs Ohio reported 22,100 shares or 0% of all its holdings. Intll Grp Inc accumulated 2,012 shares. Tower Cap Ltd (Trc) reported 1,372 shares. Assetmark reported 2,181 shares. Deutsche Comml Bank Ag reported 0% stake. Morgan Stanley reported 17,975 shares. Rbf Cap Limited Liability Company, a California-based fund reported 30,000 shares. Ameritas Investment Prns stated it has 332 shares. Jpmorgan Chase And owns 6,747 shares or 0% of their US portfolio. State Common Retirement Fund accumulated 0% or 7,883 shares. State Street Corp has invested 0% in Willis Lease Finance Corporation (NASDAQ:WLFC).

Since May 21, 2018, it had 2 buys, and 36 sales for $1.58 million activity. On Wednesday, August 15 Morris Robert T sold $9,922 worth of Willis Lease Finance Corporation (NASDAQ:WLFC) or 300 shares. Shares for $10,736 were bought by Flaherty Scott B. on Tuesday, July 31. Another trade for 2,224 shares valued at $70,070 was sold by WILLIS CHARLES F IV. Willis Austin Chandler sold $65,938 worth of stock or 2,000 shares. Hole Brian Richard had bought 465 shares worth $10,881.

The chart of Willis Lease Finance Corporation (WLFC) shows a double top with $37.35 target or 8.00 % above today’s $34.58 share price. The 6 months chart pattern indicates low risk for the $219.84 million company. It was reported on Oct, 2 by Finviz.com. If the $37.35 price target is reached, the company will be worth $17.59 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.20% or $0.07 during the last trading session, reaching $34.58. About 8,390 shares traded. Willis Lease Finance Corporation (NASDAQ:WLFC) has risen 44.97% since October 2, 2017 and is uptrending. It has outperformed by 29.35% the S&P500.

Willis Lease Finance Corporation, together with its subsidiaries, leases commercial aircraft engines and other aircraft-related equipment to air carriers, manufacturers, and overhaul/repair facilities worldwide. The company has market cap of $219.84 million. It operates through two divisions, Equipment Leasing and Spare Parts Sales. It has a 3.53 P/E ratio. The firm also purchases and resells new and used commercial aircraft engines, as well as sells aircraft engine parts and materials.

Willis Lease Finance Corporation (NASDAQ:WLFC) Institutional Positions Chart

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