Short Interest Worth Mentioning Today: Is Buying Toronto Dominion Bank Ont (NYSE:TD), Having Higher Short Interest a Winning Strategy?

November 17, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Mentioning Today: Is Buying Toronto Dominion Bank Ont (NYSE:TD), Having Higher Short Interest a Winning Strategy?

The stock of Toronto Dominion Bank Ont (NYSE:TD) registered an increase of 0.17% in short interest. TD’s total short interest was 10.57M shares in November as published by FINRA. Its up 0.17% from 10.55 million shares, reported previously. With 1.41 million shares average volume, it will take short sellers 8 days to cover their TD’s short positions. The short interest to Toronto Dominion Bank Ont’s float is 0.59%. About 251,924 shares traded hands. Toronto-Dominion Bank (NYSE:TD) has risen 7.28% since April 15, 2016 and is uptrending. It has outperformed by 2.66% the S&P500.

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $86.67 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 14.14 P/E ratio. The Company’s divisions include Canadian Retail, U.S.

Toronto-Dominion Bank (NYSE:TD) Ratings Coverage

Out of 10 analysts covering TD Bank (NYSE:TD), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. TD Bank has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, May 3 by Credit Suisse. On Monday, August 31 the stock rating was maintained by BMO Capital Markets with “Outperform”. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 28 report. Credit Suisse downgraded Toronto-Dominion Bank (NYSE:TD) on Monday, September 21 to “Neutral” rating. RBC Capital Markets maintained the shares of TD in a report on Friday, August 28 with “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Wednesday, September 14. The stock has “Sector Performer” rating given by IBC on Friday, August 26. The firm earned “Buy” rating on Tuesday, November 1 by Bank of America.

TD Company Profile

The Toronto-Dominion Bank (the Bank), incorporated on June 22, 1998, operates as a bank in North America. The Bank is an online financial services firm, with approximately 10.2 million online and mobile customers. The Bank conducts its business through the divisions, which include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial services and products to clients in the Canadian personal and commercial banking businesses. The U.S. Retail segment consists of the Bank’s retail and commercial banking activities operating under the brand TD Bank, and wealth management services in the United States. The Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking services and products, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Corporate segment includes the impact of treasury and balance sheet management activities.

More notable recent Toronto-Dominion Bank (NYSE:TD) news were published by: Business.Financialpost.com which released: “Toronto-Dominion Bank raising rates, variable rate mortgage customers to face …” on November 01, 2016, also Bloomberg.com with their article: “TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal” published on October 23, 2016, Stltoday.com published: “TD Ameritrade said to join with Toronto-Dominion Bank to bid for Scottrade” on October 20, 2016. More interesting news about Toronto-Dominion Bank (NYSE:TD) were released by: Seekingalpha.com and their article: “Toronto Dominion Bank: Another Nice Deal, But In A Roundabout Way” published on October 27, 2016 as well as Fool.ca‘s news article titled: “Toronto-Dominion Bank: The Right Time to Buy?” with publication date: October 31, 2016.

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By Marie Mckinney


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