Short Interest Summary: Could Comerica Incorporated (NYSE:CMA) See a Reversal After More Sellers Came In?

November 29, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Summary: Could Comerica Incorporated (NYSE:CMA) See a Reversal After More Sellers Came In?

The stock of Comerica Incorporated (NYSE:CMA) registered an increase of 0.26% in short interest. CMA’s total short interest was 5.25 million shares in November as published by FINRA. Its up 0.26% from 5.24M shares, reported previously. With 2.67 million shares average volume, it will take short sellers 2 days to cover their CMA’s short positions. The short interest to Comerica Incorporated’s float is 3.08%. About 1.17M shares traded hands. Comerica Incorporated (NYSE:CMA) has risen 35.45% since April 26, 2016 and is uptrending. It has outperformed by 30.19% the S&P500.

Comerica Incorporated is a financial services company. The company has a market cap of $10.53 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 25.86 P/E ratio. Comerica has its activities in three business divisions: the Business Bank, the Retail Bank and Wealth Management.

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.11, from 1.02 in 2016Q1. The ratio increased, as 31 funds sold all Comerica Incorporated shares owned while 125 reduced positions. 43 funds bought stakes while 116 increased positions. They now own 144.79 million shares or 4.93% less from 152.29 million shares in 2016Q1.
Moreover, Busey Tru Company has 0.04% invested in Comerica Incorporated (NYSE:CMA) for 6,750 shares. Jefferies Group Llc holds 0% or 9,245 shares in its portfolio. Metropolitan Life Ins Com New York has invested 0.03% of its portfolio in Comerica Incorporated (NYSE:CMA). Profund Limited last reported 5,824 shares in the company. The Ohio-based Meeder Asset has invested 0.15% in Comerica Incorporated (NYSE:CMA). Cambridge Inv Rech Inc last reported 0.01% of its portfolio in the stock. The Massachusetts-based Par Cap Management has invested 0.12% in Comerica Incorporated (NYSE:CMA). Clover Prns Limited Partnership has 2.26% invested in the company for 139,486 shares. Comerica National Bank holds 0.07% of its portfolio in Comerica Incorporated (NYSE:CMA) for 173,185 shares. Moreover, Hudson Bay Capital Management L P has 0.25% invested in Comerica Incorporated (NYSE:CMA) for 200,000 shares. Andra Ap last reported 0.05% of its portfolio in the stock. D E Shaw & Inc has invested 0% of its portfolio in Comerica Incorporated (NYSE:CMA). Oregon Employees Retirement Fund has 0.03% invested in the company for 31,145 shares. Hartford holds 0.04% of its portfolio in Comerica Incorporated (NYSE:CMA) for 41,895 shares. Harris Assoc Limited Partnership holds 0.25% or 2.98M shares in its portfolio.

Insider Transactions: Since August 25, 2016, the stock had 0 buys, and 9 insider sales for $630,120 net activity. 90 Comerica Incorporated (NYSE:CMA) shares with value of $5,489 were sold by MICHALAK MICHAEL H. Guilfoile Peter William sold $6,432 worth of stock or 106 shares. $120,226 worth of shares were sold by RITCHIE MICHAEL T on Wednesday, November 2. 4,373 shares were sold by Burkhart Megan D, worth $265,534 on Friday, November 18. $5,972 worth of Comerica Incorporated (NYSE:CMA) was sold by Love Judith S. Shares for $12,267 were sold by OBERMEYER PAUL R on Tuesday, November 22. $101,425 worth of Comerica Incorporated (NYSE:CMA) was sold by Carr Muneera S on Friday, October 21.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Out of 23 analysts covering Comerica Inc (NYSE:CMA), 4 rate it a “Buy”, 3 “Sell”, while 16 “Hold”. This means 17% are positive. Comerica Inc has been the topic of 55 analyst reports since July 20, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, January 20 report. The stock has “Market Perform” rating given by Wells Fargo on Friday, July 8. The firm earned “Hold” rating on Wednesday, February 24 by Deutsche Bank. Citigroup maintained the shares of CMA in a report on Wednesday, July 20 with “Neutral” rating. The firm has “Outperform” rating given on Wednesday, January 20 by FBR Capital. Wells Fargo downgraded the shares of CMA in a report on Friday, May 13 to “Underperform” rating. BMO Capital Markets maintained Comerica Incorporated (NYSE:CMA) rating on Monday, October 19. BMO Capital Markets has “Underperform” rating and $42 price target. The company was upgraded on Friday, September 16 by Goldman Sachs. Bank of America downgraded the stock to “Underperform” rating in Wednesday, June 29 report. Wood maintained the stock with “Market Perform” rating in Wednesday, April 20 report.

CMA Company Profile

Comerica Incorporated (Comerica), incorporated on November 13, 1972, is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its activities in three business divisions: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business divisions, it also operates in the Finance segment. The Firm offers a range of loans, which include commercial loans, real estate construction loans, commercial mortgage loans, lease financing, international loans, residential mortgage loans and consumer loans. Comerica owns directly or indirectly over two active banking and over 40 non-banking subsidiaries. Comerica has total deposits of approximately $59.9 billion and total loans of approximately $49.1 billion. Comerica operates in three geographic markets, which include Texas, California, and Michigan, as well as in Arizona and Florida, with select businesses operating in several other states, and in Canada and Mexico.

Another recent and important Comerica Incorporated (NYSE:CMA) news was published by Prnewswire.com which published an article titled: “Michael E. Collins Appointed to the Comerica Incorporated Board of Directors” on November 08, 2016.

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By Pete Kolinski

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