Short Interest To Observe: Popular Incorporated (NASDAQ:BPOP) Short Interest Decreased By 15.3%

November 28, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest To Observe: Popular Incorporated (NASDAQ:BPOP) Short Interest Decreased By 15.3%

The stock of Popular Incorporated (NASDAQ:BPOP) registered a decrease of 15.3% in short interest. BPOP’s total short interest was 1.14 million shares in November as published by FINRA. Its down 15.3% from 1.35 million shares, reported previously. With 406,500 shares average volume, it will take short sellers 3 days to cover their BPOP’s short positions. The short interest to Popular Incorporated’s float is 1.11%. The stock closed at $41.49 during the last session. It is down 40.93% since April 25, 2016 and is uptrending. It has outperformed by 34.92% the S&P500.

Popular, Inc. is a financial holding company. The company has a market cap of $4.31 billion. The Firm operates in two divisions: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. It has a 12.08 P/E ratio. The Firm has activities in Puerto Rico, the United States and the Caribbean.

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.07, from 1.05 in 2016Q1. The ratio improved, as 14 funds sold all Popular Inc shares owned while 78 reduced positions. 35 funds bought stakes while 62 increased positions. They now own 85.81 million shares or 0.79% less from 86.49 million shares in 2016Q1.
Group Incorporated One Trading L P holds 0% or 2,100 shares in its portfolio. Deere holds 0.02% or 15,381 shares in its portfolio. Moreover, Pnc Services Group has 0% invested in Popular Inc (NASDAQ:BPOP) for 8,298 shares. Meeder Asset Mngmt Incorporated accumulated 0.09% or 31,307 shares. Css Ltd Liability Co Il has 7,113 shares for 0.01% of their US portfolio. Art Advisors Limited Liability holds 0.02% of its portfolio in Popular Inc (NASDAQ:BPOP) for 10,726 shares. Thompson Siegel Walmsley Ltd Liability Corporation holds 0.25% of its portfolio in Popular Inc (NASDAQ:BPOP) for 545,335 shares. California Public Employees Retirement Systems holds 0.02% of its portfolio in Popular Inc (NASDAQ:BPOP) for 408,700 shares. State Bank Of Montreal Can holds 0% of its portfolio in Popular Inc (NASDAQ:BPOP) for 79,262 shares. Moreover, Legg Mason Asset (Japan) has 0.48% invested in Popular Inc (NASDAQ:BPOP) for 15,300 shares. Td Asset Management reported 18,700 shares or 0% of all its holdings. Walleye Trading Lc reported 6,776 shares or 0% of all its holdings. The Illinois-based Spot Trading has invested 0% in Popular Inc (NASDAQ:BPOP). Ubs Asset Mgmt Americas accumulated 0% or 111,149 shares. Bogle Investment Mngmt L P De last reported 43,889 shares in the company.

Insider Transactions: Since October 27, 2016, the stock had 0 insider purchases, and 7 insider sales for $1.88 million net activity. GUERRERO JUAN also sold $293,174 worth of Popular Inc (NASDAQ:BPOP) on Tuesday, November 15. The insider MONZON GILBERTO sold $121,980. $631,164 worth of Popular Inc (NASDAQ:BPOP) shares were sold by CARRION RICHARD L. 10,000 shares with value of $379,660 were sold by NESTOR O. RIVERA on Wednesday, November 9. 3,762 shares were sold by SEPULVEDA ELI, worth $139,081 on Thursday, October 27. 2,400 shares were sold by NEGRON EDUARDO J., worth $98,717 on Monday, November 14.

Popular Inc (NASDAQ:BPOP) Ratings Coverage

Out of 10 analysts covering Popular Inc (NASDAQ:BPOP), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. Popular Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Bank of America reinitiated the stock with “Underperform” rating in Wednesday, September 23 report. The firm earned “Buy” rating on Thursday, April 28 by Compass Point. The rating was downgraded by BTIG Research to “Neutral” on Tuesday, November 22. The company was initiated on Friday, April 8 by Piper Jaffray. Compass Point initiated Popular Inc (NASDAQ:BPOP) on Thursday, February 25 with “Buy” rating. The company was upgraded on Monday, August 24 by Zacks. The company was initiated on Thursday, June 23 by Barclays Capital. As per Monday, July 27, the company rating was upgraded by Guggenheim. The firm has “Outperform” rating by Merion Capital given on Friday, February 26. Goldman Sachs upgraded Popular Inc (NASDAQ:BPOP) on Monday, July 27 to “Buy” rating.

BPOP Company Profile

Popular, Inc. (Popular), incorporated on November 20, 1984, is a financial holding company. The Firm operates in two divisions: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Firm has activities in Puerto Rico, the United States and the Caribbean.

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By Adrian Mccoy


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