Short Interest Watching: What’s Next for SI Financial Group Incorporated (NASDAQ:SIFI) After Having More Shares Shorted?

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Watching: What's Next for SI Financial Group Incorporated (NASDAQ:SIFI) After Having More Shares Shorted?

The stock of SI Financial Group Incorporated (NASDAQ:SIFI) registered an increase of 3.05% in short interest. SIFI’s total short interest was 182,600 shares in November as published by FINRA. Its up 3.05% from 177,200 shares, reported previously. With 14,100 shares average volume, it will take short sellers 13 days to cover their SIFI’s short positions. The short interest to SI Financial Group Incorporated’s float is 2.07%. The stock decreased 1.75% or $0.25 during the last trading session, hitting $14. SI Financial Group, Inc. (NASDAQ:SIFI) has risen 0.07% since April 14, 2016 and is uptrending. It has underperformed by 4.62% the S&P500.

SI Financial Group, Inc. is a holding firm for Savings Institute Bank and Trust Company . The company has a market cap of $172.76 million. The Bank operates as a community-oriented financial institution offering a range of financial services to clients and businesses in its market area, including insurance, trust and investment services. It has a 26.45 P/E ratio. The Bank accepts deposits from the general public and uses those funds to originate one- to four-family residential mortgage loans, multi-family and commercial real estate loans, commercial business loans, and construction and consumer loans.

Insitutional Activity: The institutional sentiment decreased to 1.72 in 2016 Q2. Its down 0.13, from 1.85 in 2016Q1. The ratio is negative, as 9 funds sold all SI Financial Group, Inc. shares owned while 9 reduced positions. 13 funds bought stakes while 18 increased positions. They now own 7.65 million shares or 6.01% more from 7.22 million shares in 2016Q1.
Maltese Mgmt Ltd Liability Company holds 1.72% of its portfolio in SI Financial Group, Inc. (NASDAQ:SIFI) for 1.04 million shares. Morgan Stanley has invested 0% of its portfolio in SI Financial Group, Inc. (NASDAQ:SIFI). Clover Prns Lp accumulated 1.5% or 286,920 shares. State Street Corp owns 96,834 shares or 0% of their US portfolio. Bancorp Of Ny Mellon Corporation owns 27,904 shares or 0% of their US portfolio. Oppenheimer And Close Lc holds 1.32% or 106,392 shares in its portfolio. Dimensional Fund Advsr Lp holds 0% or 221,401 shares in its portfolio. Thomson Horstmann Bryant holds 1.86% or 1.08M shares in its portfolio. Moreover, Mufg Americas Corporation has 0% invested in SI Financial Group, Inc. (NASDAQ:SIFI) for 880 shares. Northern Tru, a Illinois-based fund reported 111,731 shares. Moreover, Franklin has 0% invested in SI Financial Group, Inc. (NASDAQ:SIFI) for 432,800 shares. Moreover, Fsi Gru Lc has 0.36% invested in SI Financial Group, Inc. (NASDAQ:SIFI) for 44,697 shares. Wellington Management Limited Liability Partnership last reported 0% of its portfolio in the stock. The California-based Schwab Charles Inv Mgmt Inc has invested 0% in SI Financial Group, Inc. (NASDAQ:SIFI). Kennedy Mgmt holds 202,802 shares or 0.05% of its portfolio.

SIFI Company Profile

SI Financial Group, Inc., incorporated on September 7, 2010, is a holding firm for Savings Institute Bank and Trust Company (the Bank). The Bank operates as a community-oriented financial institution offering a range of financial services to clients and businesses in its market area, including insurance, trust and investment services. The Bank accepts deposits from the general public and uses those funds to originate one- to four-family residential, multi-family and commercial real estate, commercial business (including time share lending and loans to condominium associations) and consumer loans. The Bank also purchases commercial business loans, including loans fully guaranteed by the Small Business Administration (SBA) and the United States Department of Agriculture (USDA). The Bank sells certain fixed-rate one- to four-family residential conforming loans it originates in the secondary market with the servicing retained. The remainder of the Bank’s loan portfolio is originated for investment.

More important recent SI Financial Group, Inc. (NASDAQ:SIFI) news were published by: Nasdaq.com which released: “SI Financial Group, Inc. (SIFI) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016, also Globenewswire.com published article titled: “SI Financial Group, Inc. Announces Management Changes”, Globenewswire.com published: “SI Financial Group, Inc. Reports Results for the Three and Nine Months Ended …” on October 26, 2016. More interesting news about SI Financial Group, Inc. (NASDAQ:SIFI) was released by: Reuters.com and their article: “BRIEF-SI Financial Group enters into agreement to acquire Vantis Life Insu…” with publication date: October 13, 2016.

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By Marie Mckinney

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