Short Interest Filing: What’s Propelling Thomson Reuters Corporation (NYSE:TRI) After Lower Shorts Reported?

November 18, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Filing: What’s Propelling Thomson Reuters Corporation (NYSE:TRI) After Lower Shorts Reported?

The stock of Thomson Reuters Corporation (NYSE:TRI) registered a decrease of 7.24% in short interest. TRI’s total short interest was 6.29 million shares in November as published by FINRA. Its down 7.24% from 6.78M shares, reported previously. With 1.04 million shares average volume, it will take short sellers 6 days to cover their TRI’s short positions. The short interest to Thomson Reuters Corporation’s float is 2.15%. The stock increased 0.60% or $0.25 during the last trading session, hitting $41.89. Thomson Reuters Corp (NYSE:TRI) has risen 2.60% since April 18, 2016 and is uptrending. It has underperformed by 1.83% the S&P500.

Thomson Reuters Corporation is a provider of news and information for professional markets. The company has a market cap of $30.91 billion.

Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.03, from 0.9 in 2016Q1. The ratio fall, as 26 funds sold all Thomson Reuters Corp shares owned while 110 reduced positions. 25 funds bought stakes while 97 increased positions. They now own 202.82 million shares or 6.65% less from 217.27 million shares in 2016Q1.
Legal And General Group Incorporated Public Limited Com reported 1.49M shares or 0.06% of all its holdings. Manufacturers Life Insur Co The has 0.05% invested in the company for 863,675 shares. Finance Engines Limited Company has invested 0.5% of its portfolio in Thomson Reuters Corp (NYSE:TRI). Bank & Trust Of Stockton accumulated 7,385 shares or 0.16% of the stock. Jpmorgan Chase And Communications holds 0% of its portfolio in Thomson Reuters Corp (NYSE:TRI) for 420,857 shares. Swiss Bankshares holds 0.13% or 1.95 million shares in its portfolio. Hightower Advsrs Lc owns 79,059 shares or 0.04% of their US portfolio. Ww Asset Management has 0.08% invested in the company for 49,228 shares. The California-based Hennessy Advsrs Incorporated has invested 0.08% in Thomson Reuters Corp (NYSE:TRI). Blair William And Co Il last reported 0.01% of its portfolio in the stock. Ladenburg Thalmann Ser has 4,032 shares for 0% of their US portfolio. Commonwealth Equity Ser last reported 0% of its portfolio in the stock. Montrusco Bolton owns 2.19 million shares or 5.63% of their US portfolio. Community Finance Limited Co owns 41,050 shares or 0.82% of their US portfolio. Alliancebernstein Limited Partnership has 0.04% invested in the company for 1.17M shares.

Thomson Reuters Corp (NYSE:TRI) Ratings Coverage

Out of 9 analysts covering Thomson Reuters (NYSE:TRI), 0 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 0 are positive. Thomson Reuters has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Tuesday, February 9, the company rating was maintained by RBC Capital Markets. Bank of America downgraded Thomson Reuters Corp (NYSE:TRI) on Thursday, January 7 to “Neutral” rating. The stock of Thomson Reuters Corp (NYSE:TRI) earned “Hold” rating by TD Securities on Monday, June 27. The stock of Thomson Reuters Corp (NYSE:TRI) earned “Buy” rating by TD Securities on Wednesday, July 29. FBR Capital downgraded Thomson Reuters Corp (NYSE:TRI) on Monday, October 26 to “Mkt Perform” rating. The firm earned “Buy” rating on Tuesday, August 18 by Zacks. Macquarie Research initiated the stock with “Neutral” rating in Friday, August 26 report. The rating was reinitiated by JP Morgan with “Neutral” on Thursday, November 3. Barclays Capital maintained it with “Equal-Weight” rating and $42 target price in Tuesday, August 23 report.

More recent Thomson Reuters Corp (NYSE:TRI) news were published by: Wsj.com which released: “Thomson Reuters to Cut 2000 Jobs in Restructuring” on November 01, 2016. Also Forbes.com published the news titled: “Short Interest In Thomson Reuters Jumps 27.6%” on October 26, 2016. Equitiesfocus.com‘s news article titled: “Thomson Reuters Corp (NYSE:TRI) Short-Term Price Target At $43.48” with publication date: November 18, 2016 was also an interesting one.

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By Dolores Ford


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