Short Interest Runner: Could Citigroup Incorporated (NYSE:C) Go Down After Its Newest Short Interest Report?

November 28, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Runner: Could Citigroup Incorporated (NYSE:C) Go Down After Its Newest Short Interest Report?

The stock of Citigroup Incorporated (NYSE:C) registered a decrease of 11.36% in short interest. C’s total short interest was 28.94 million shares in November as published by FINRA. Its down 11.36% from 32.65 million shares, reported previously. With 14.76M shares average volume, it will take short sellers 2 days to cover their C’s short positions. The short interest to Citigroup Incorporated’s float is 1.02%. About 9.55M shares traded hands. Citigroup Inc (NYSE:C) has risen 21.61% since April 25, 2016 and is uptrending. It has outperformed by 15.60% the S&P500.

Citigroup Inc. is a financial services holding company. The company has a market cap of $159.10 billion. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It has a 12.02 P/E ratio. It operates through two divisions: Citicorp and Citi Holdings.

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.09, from 0.74 in 2016Q1. The ratio increased, as 93 funds sold all Citigroup Inc shares owned while 449 reduced positions. 62 funds bought stakes while 341 increased positions. They now own 2.00 billion shares or 2.42% less from 2.05 billion shares in 2016Q1.
Mitchell Mcleod Pugh Williams holds 0.24% or 6,260 shares in its portfolio. The Missouri-based Sterneck Cap Mgmt Lc has invested 1.31% in Citigroup Inc (NYSE:C). Hartford Mngmt Co holds 0.64% of its portfolio in Citigroup Inc (NYSE:C) for 718,664 shares. Pzena Invest Mngmt Ltd last reported 2.56% of its portfolio in the stock. American Century Companies holds 0.12% of its portfolio in Citigroup Inc (NYSE:C) for 2.50M shares. American Finance Group owns 635,000 shares or 2.06% of their US portfolio. Brandes Prtn L P accumulated 2.84% or 4.39M shares. Camelot Portfolios Ltd holds 4,900 shares or 0.12% of its portfolio. Oarsman Cap owns 78,456 shares or 1.73% of their US portfolio. The New York-based Lazard Asset Management Lc has invested 0.12% in Citigroup Inc (NYSE:C). Manchester Cap Mngmt Limited Company last reported 2,971 shares in the company. Davenport And Limited Liability Corp has 2.12M shares for 0% of their US portfolio. Moreover, Franklin Resources has 0.82% invested in Citigroup Inc (NYSE:C) for 36.14M shares. Grantham Mayo Van Otterloo Limited Liability Corp reported 2.58M shares or 0.45% of all its holdings. Pinnacle Holding Limited Liability reported 6,357 shares or 0% of all its holdings.

Insider Transactions: Since July 20, 2016, the stock had 0 buys, and 1 sale for $360,211 net activity. On Wednesday, July 20 MURRAY JOSEPH MICHAEL sold $360,211 worth of the stock or 8,122 shares.

Citigroup Inc (NYSE:C) Ratings Coverage

Out of 28 analysts covering Citigroup Inc. (NYSE:C), 16 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 57% are positive. Citigroup Inc. has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Macquarie Research maintained Citigroup Inc (NYSE:C) on Monday, October 19 with “Outperform” rating. Citigroup upgraded the stock to “Buy” rating in Friday, December 11 report. The rating was maintained by UBS on Friday, October 16 with “Buy”. As per Friday, September 23, the company rating was maintained by CLSA. Oppenheimer maintained Citigroup Inc (NYSE:C) on Tuesday, January 5 with “Perform” rating. The company was maintained on Tuesday, January 19 by RBC Capital Markets. The firm has “Buy” rating given on Monday, November 30 by Guggenheim. The stock of Citigroup Inc (NYSE:C) has “Outperform” rating given on Monday, September 28 by Credit Suisse. The firm earned “Sector Perform” rating on Thursday, January 7 by Portales Partners. The company was downgraded on Friday, November 18 by Macquarie Research.

C Company Profile

Citigroup Inc. (Citi), incorporated on March 8, 1988, is a financial services holding company. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Firm operates through two divisions: Citicorp and Citi Holdings.

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