Newest Short Interest Filing: What’s Ahead for Ubs Group AG (NYSE:UBS) After Less Shorted Shares?

November 24, 2016 - By Richard Conner   ·   0 Comments

Newest Short Interest Filing: What’s Ahead for Ubs Group AG (NYSE:UBS) After Less Shorted Shares?

The stock of Ubs Group AG (NYSE:UBS) registered a decrease of 46.12% in short interest. UBS’s total short interest was 8.11M shares in November as published by FINRA. Its down 46.12% from 15.05 million shares, reported previously. With 1.79 million shares average volume, it will take short sellers 5 days to cover their UBS’s short positions. The short interest to Ubs Group AG’s float is 0.24%. The stock decreased 1.01% or $0.16 on November 23, hitting $15.62. UBS Group AG (USA) (NYSE:UBS) has declined 5.96% since April 22, 2016 and is downtrending. It has underperformed by 11.37% the S&P500.

UBS Group AG is a holding company. The company has a market cap of $59.55 billion. The Firm provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. It has a 17.29 P/E ratio. The Firm comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.

UBS Group AG (USA) (NYSE:UBS) Ratings Coverage

Out of 11 analysts covering UBS AG (NYSE:UBS), 2 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 18% are positive. UBS AG has been the topic of 15 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Wednesday, October 5 by RBC Capital Markets. JP Morgan downgraded the stock to “Underweight” rating in Monday, June 27 report. The firm has “Overweight” rating by Barclays Capital given on Thursday, June 9. On Wednesday, February 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The firm earned “Neutral” rating on Wednesday, February 24 by Macquarie Research. The stock has “Underperform” rating given by RBC Capital Markets on Tuesday, June 28. The stock has “Hold” rating given by Kepler Cheuvreux on Tuesday, February 9. The stock of UBS Group AG (USA) (NYSE:UBS) has “Hold” rating given on Friday, May 13 by Societe Generale. The rating was upgraded by Bank of America on Wednesday, October 7 to “Buy”. As per Thursday, September 17, the company rating was downgraded by Nomura.

UBS Company Profile

UBS Group AG (UBS), incorporated on June 10, 2014, is a holding company. The Firm provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Firm comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The Company’s Corporate Center comprises Services, Group Asset and Liability Management (Group ALM) and Non-core and Legacy Portfolio. Services include the Company’s control functions, such as finance, risk control (including compliance) and legal. In addition, it provides all logistics and support services, including operations, information technology, human resources, regulatory relations and strategic initiatives, communications and branding, corporate services, physical security, information security, as well as outsourcing, nearshoring and offshoring. Group ALM is responsible for centrally managing the Company’s liquidity and funding position, as well as providing other balance sheet and capital management services to the Company. Non-core and Legacy Portfolio consists of the non-core businesses and legacy positions. The Firm provides financial advice and solutions to private, institutional and corporate clients around the world, as well as private clients in Switzerland.

Another recent and important UBS Group AG (USA) (NYSE:UBS) news was published by Businessfinancenews.com which published an article titled: “UBS Group AG (USA) Wealth Management; Time to Unveil the Surprise” on July 06, 2016.

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By Richard Conner


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