Stock Short Interest Filing: Could Cowen Group Class A (NASDAQ:COWN) See a Reversal After More Sellers Came In?

November 30, 2016 - By Dolores Ford   ·   0 Comments

Stock Short Interest Filing: Could Cowen Group Class A (NASDAQ:COWN) See a Reversal After More Sellers Came In?

The stock of Cowen Group Class A (NASDAQ:COWN) registered an increase of 0.53% in short interest. COWN’s total short interest was 15.13 million shares in November as published by FINRA. Its up 0.53% from 15.05 million shares, reported previously. With 414,400 shares average volume, it will take short sellers 37 days to cover their COWN’s short positions. The short interest to Cowen Group Class A’s float is 16.79%. The stock closed at $3.7 during the last session. It is down 3.14% since April 27, 2016 and is downtrending. It has underperformed by 8.37% the S&P500.

Cowen Group, Inc. is a financial services company. The company has a market cap of $473.32 million. The Firm provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It has a 78.89 P/E ratio. It operates through two divisions: alternative investment and broker-dealer.

Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.50, from 0.52 in 2016Q1. The ratio is positive, as 12 funds sold all Cowen Group Inc shares owned while 48 reduced positions. 6 funds bought stakes while 25 increased positions. They now own 96.64 million shares or 4.46% less from 101.16 million shares in 2016Q1.
Susquehanna Int Grp Inc Ltd Liability Partnership holds 44,207 shares or 0% of its portfolio. Perritt Mngmt owns 1.10M shares or 0.86% of their US portfolio. Pnc Fincl, a Pennsylvania-based fund reported 811 shares. Mendon Capital Advsr Corporation holds 1.15% or 3.76 million shares in its portfolio. Moreover, Oak Associate Ltd Oh has 0.03% invested in Cowen Group Inc (NASDAQ:COWN) for 91,900 shares. The Illinois-based Ariel Invs Limited Company has invested 0.42% in Cowen Group Inc (NASDAQ:COWN). California State Teachers Retirement Systems has 0% invested in the company for 214,260 shares. Moreover, Reilly Fincl Advsr Ltd Liability Co has 0% invested in Cowen Group Inc (NASDAQ:COWN) for 1,054 shares. Credit Suisse Ag has 0.01% invested in the company for 1.53 million shares. Blackrock Fund Advsr owns 3.01M shares or 0% of their US portfolio. Cutter Co Brokerage owns 25,900 shares or 0.03% of their US portfolio. Cacti Asset Mgmt, a Georgia-based fund reported 41,000 shares. Blackrock Investment Mgmt Ltd Liability accumulated 0% or 449,373 shares. Guggenheim Ltd Liability last reported 22,089 shares in the company. Ameriprise Finance accumulated 469,450 shares or 0% of the stock.

COWN Company Profile

Cowen Group, Inc., incorporated on June 1, 2009, is a financial services company. The Firm provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. The Firm operates through two divisions: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, private equity structures, registered investment companies and listed investment vehicles. The broker-dealer segment offers industry focused investment banking for growth-oriented companies, including advisory and global capital markets origination and domain knowledge-driven research and a sales and trading platform for institutional investors under the Cowen name.

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By Dolores Ford


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