Short Interest Coverage: Today Bgc Partners Class A (NASDAQ:BGCP) Reported Increase in Shorted Shares

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Coverage: Today Bgc Partners Class A (NASDAQ:BGCP) Reported Increase in Shorted Shares

The stock of Bgc Partners Class A (NASDAQ:BGCP) registered an increase of 7.39% in short interest. BGCP’s total short interest was 3.93M shares in November as published by FINRA. Its up 7.39% from 3.66M shares, reported previously. With 974,300 shares average volume, it will take short sellers 4 days to cover their BGCP’s short positions. The short interest to Bgc Partners Class A’s float is 1.92%. The stock increased 0.20% or $0.02 during the last trading session, hitting $9.89. About 384,648 shares traded hands. BGC Partners, Inc. (NASDAQ:BGCP) has risen 5.11% since April 22, 2016 and is uptrending. It has underperformed by 0.30% the S&P500.

BGC Partners, Inc. is a global brokerage firm servicing the financial and real estate markets. The company has a market cap of $2.77 billion. The Firm operates through two divisions: Financial Services and Real Estate Services. It has a 18.04 P/E ratio. The Firm provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.

Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.11, from 1.32 in 2016Q1. The ratio is positive, as 21 funds sold all BGC Partners, Inc. shares owned while 56 reduced positions. 20 funds bought stakes while 82 increased positions. They now own 104.46 million shares or 2.28% less from 106.90 million shares in 2016Q1.
M&T Fincl Bank Corp last reported 31,426 shares in the company. Dimensional Fund Advsr L P holds 0.02% or 4.85M shares in its portfolio. Stoneridge Inv Ltd Liability Corp owns 160,723 shares or 0.21% of their US portfolio. Kcg Holding Inc holds 0.01% or 78,060 shares in its portfolio. Raymond James Na owns 24,565 shares or 0.02% of their US portfolio. Invsts Cap Advisory Services reported 44,210 shares or 0.07% of all its holdings. Doheny Asset Mngmt Ca last reported 735,883 shares in the company. The New York-based Jpmorgan Chase & has invested 0.01% in BGC Partners, Inc. (NASDAQ:BGCP). Paloma Prns Mngmt last reported 0% of its portfolio in the stock. Voya Inv Management Lc holds 0% or 74,957 shares in its portfolio. Hbk Investments L P last reported 18,623 shares in the company. Gotham Asset Lc has invested 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Mackenzie Financial accumulated 0% or 22,373 shares. Citadel Advsrs Lc holds 0% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP) for 77,942 shares. Cantab Cap Prtnrs Llp has 26,633 shares for 0% of their US portfolio.

BGCP Company Profile

BGC Partners, Inc. (BGC), incorporated on June 3, 1999, is a global brokerage firm servicing the financial and real estate markets. The Firm operates through two divisions: Financial Services and Real Estate Services. The Firm provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions. The Company’s integrated platform is designed to provide flexibility to clients with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or in various markets, electronic brokerage services in connection with transactions executed either over-the-counter or through an exchange. Through the Company’s FENICS, BGC Trader, BGC Market Data and Capitalab brands, it offers electronic brokerage, financial technology solutions, market data, post-trade services, and analytics related to select financial instruments and markets. The Company’s clients include banks, broker-dealers, investment banks, trading firms, hedge funds, governments, firms, property owners, real estate developers and investment firms.

More important recent BGC Partners, Inc. (NASDAQ:BGCP) news were published by: Prnewswire.com which released: “BGC Partners Announces Agreement to Acquire Sunrise Brokers, a Leading …” on July 19, 2016, also Seekingalpha.com published article titled: “The Problem With BGC Partners”, Prnewswire.com published: “Carbon Trading Veteran John Battaglia Joins BGC Partners to Lead Carbon …” on August 08, 2016. More interesting news about BGC Partners, Inc. (NASDAQ:BGCP) was released by: Prnewswire.com and their article: “BGC Partners to Add Dean Berry to its Global Electronic and Hybrid Execution Team” with publication date: July 25, 2016.

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By Hazel Jackson

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