November 24, 2016 - By Pete Kolinski · 0 Comments
The stock of Ally Financial Incorporated (NYSE:ALLY) registered an increase of 31.29% in short interest. ALLY’s total short interest was 15.77 million shares in November as published by FINRA. Its up 31.29% from 12.01M shares, reported previously. With 4.84 million shares average volume, it will take short sellers 3 days to cover their ALLY’s short positions. The short interest to Ally Financial Incorporated’s float is 3.29%. The stock increased 1.48% or $0.29 on November 23, hitting $19.95. About 3.24 million shares traded hands. Ally Financial Inc (NYSE:ALLY) has risen 7.78% since April 22, 2016 and is uptrending. It has outperformed by 2.37% the S&P500.
Ally Financial Inc. is a financial holding firm and a bank holding company. The company has a market cap of $9.50 billion. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. It currently has negative earnings. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations.
Out of 12 analysts covering Ally Financial (NYSE:ALLY), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. Ally Financial has been the topic of 16 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Ally Financial Inc (NYSE:ALLY) has “Outperform” rating given on Wednesday, September 16 by BMO Capital Markets. The stock of Ally Financial Inc (NYSE:ALLY) has “Buy” rating given on Wednesday, May 4 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, September 2 by Zacks. The stock of Ally Financial Inc (NYSE:ALLY) earned “Outperform” rating by Credit Suisse on Wednesday, July 29. The firm has “Neutral” rating given on Friday, April 8 by Bank of America. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, April 27. Macquarie Research initiated the shares of ALLY in a report on Wednesday, May 11 with “Neutral” rating. Compass Point maintained the shares of ALLY in a report on Wednesday, February 3 with “Buy” rating. Barclays Capital maintained the shares of ALLY in a report on Monday, November 2 with “Overweight” rating.
Ally Financial Inc., incorporated on February 21, 1997, is a financial holding firm and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations. The Company’s Automotive Finance activities segment provides automotive financing services to clients and automotive dealers. The Company’s Insurance activities segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. The Company’s Mortgage activities segment includes the management of its held-for-investment mortgage loan portfolio. The Company’s Corporate and Other segment consists of Corporate Finance, centralized corporate treasury activities, such as management of the cash and corporate investment securities portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, the amortization of the discount associated with debt issuances and bond exchanges, and the residual impacts of its corporate funds-transfer pricing (FTP) and treasury asset liability management (ALM) activities.
More news for Ally Financial Inc (NYSE:ALLY) were recently published by: Reuters.com, which released: “Ally Financial settles with DoJ over mortgage-related claims” on November 21, 2016. Prnewswire.com‘s article titled: “Ally Launches “Give 5 with Ally” and Invites Others to Join In and Give Back …” and published on November 01, 2016 is yet another important article.
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By Pete Kolinski