Shorts On Watch: It Seems US Bancorp (NYSE:USB) Will Go Down. Just Reported More Shorted Shares

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Shorts On Watch: It Seems US Bancorp (NYSE:USB) Will Go Down. Just Reported More Shorted Shares

The stock of US Bancorp (NYSE:USB) registered an increase of 9.59% in short interest. USB’s total short interest was 19.10M shares in November as published by FINRA. Its up 9.59% from 17.43 million shares, reported previously. With 7.54M shares average volume, it will take short sellers 3 days to cover their USB’s short positions. The short interest to US Bancorp’s float is 1.18%. The stock increased 0.14% or $0.07 on November 25, hitting $49.42. U.S. Bancorp (NYSE:USB) has risen 14.80% since April 25, 2016 and is uptrending. It has outperformed by 8.78% the S&P500.

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $84.12 billion. The Company’s banking subsidiary, U.S. It has a 15.31 P/E ratio. Bank National Association, is engaged in the general banking business in domestic markets.

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.02, from 0.99 in 2016Q1. The ratio dived, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. 61 funds bought stakes while 401 increased positions. They now own 1.22 billion shares or 0.34% less from 1.23 billion shares in 2016Q1.
Gardner Russo Gardner Ltd Limited Liability Company last reported 6,000 shares in the company. Cortland Advisers Limited Liability Corporation last reported 2.71M shares in the company. The Japan-based Nomura Asset Mgmt Com Ltd has invested 0.24% in U.S. Bancorp (NYSE:USB). Crawford Investment Counsel has 5,316 shares for 0.01% of their US portfolio. Pacwest Financial Mngmt has 50,704 shares for 1.28% of their US portfolio. Timucuan Asset Mngmt Incorporated Fl owns 16,200 shares or 0.06% of their US portfolio. Crestwood Advsrs Ltd Llc owns 5,770 shares or 0.03% of their US portfolio. Reynders Mcveigh Capital Ltd Limited Liability Company has 21,115 shares for 0.12% of their US portfolio. Moreover, Empirical Svcs Limited Company has 0.1% invested in U.S. Bancorp (NYSE:USB) for 9,846 shares. Lowe Brockenbrough & Company Incorporated last reported 0.21% of its portfolio in the stock. Pinnacle holds 0.02% of its portfolio in U.S. Bancorp (NYSE:USB) for 20,729 shares. Olstein Mngmt Limited Partnership holds 217,500 shares or 1.19% of its portfolio. Suffolk Cap Mngmt Ltd Liability Company, a New York-based fund reported 5,215 shares. Ferguson Wellman Mgmt holds 0.21% or 123,613 shares in its portfolio. Mrj Cap Inc, a New York-based fund reported 38,319 shares.

Insider Transactions: Since July 21, 2016, the stock had 0 insider buys, and 20 selling transactions for $86.97 million net activity. On Tuesday, November 8 the insider Gifford Craig E sold $22,485. 102,961 U.S. Bancorp (NYSE:USB) shares with value of $4.32M were sold by von Gillern Jeffry H.. COLLINS ARTHUR D JR also sold $1.58 million worth of U.S. Bancorp (NYSE:USB) shares. KIRTLEY OLIVIA F also sold $62,333 worth of U.S. Bancorp (NYSE:USB) shares. The insider CECERE ANDREW sold 416,219 shares worth $18.67 million. DOLAN TERRANCE R sold $119,340 worth of U.S. Bancorp (NYSE:USB) on Thursday, November 3. $1.79 million worth of U.S. Bancorp (NYSE:USB) shares were sold by CARLSON JENNIE P.

U.S. Bancorp (NYSE:USB) Ratings Coverage

Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 6 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 29% are positive. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of U.S. Bancorp (NYSE:USB) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. The stock has “Neutral” rating given by PiperJaffray on Wednesday, November 16. The stock of U.S. Bancorp (NYSE:USB) has “Outperform” rating given on Thursday, January 14 by Robert W. Baird. Sterne Agee CRT initiated the stock with “Neutral” rating in Thursday, August 20 report. As per Monday, March 14, the company rating was upgraded by Atlantic Securities. Canaccord Genuity initiated the shares of USB in a report on Wednesday, July 22 with “Buy” rating. The stock of U.S. Bancorp (NYSE:USB) has “Buy” rating given on Wednesday, January 13 by Deutsche Bank. The rating was initiated by Wedbush on Friday, October 7 with “Neutral”. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, April 21. The stock of U.S. Bancorp (NYSE:USB) has “Sector Perform” rating given on Tuesday, August 25 by Portales Partners.

USB Company Profile

U.S. Bancorp, incorporated on April 2, 1929, is a multi-state financial services holding company. The Firm operates through its banking subsidiary, U.S. Bank National Association, which is engaged in the general banking business in domestic markets. The Firm provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.

More news for U.S. Bancorp (NYSE:USB) were recently published by: Forbes.com, which released: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016. Nasdaq.com‘s article titled: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” and published on November 16, 2016 is yet another important article.

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By Winifred Garcia

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