BB&T Corporation June 15th Short Interest Update

BB&T Corporation (NYSE:BBT) reported a rise of 16.3% or 1,543,515 shares in its short interest. The short figure came in at 1.4% of the total floats. The average daily volume of 4,158,502 shares suggests that the days to cover 11,031,403 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 9,487,888 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

BB&T Corporation (NYSE:BBT): The stock opened at $35.19 on Friday but the bulls could not build on the opening and the stock topped out at $35.70 for the day. The stock traded down to $34.51 during the day, due to lack of any buying support eventually closed down at $34.52 with a loss of -6.58% for the day. The stock had closed at $36.95 on the previous day. The total traded volume was 8,059,480 shares.

The company shares have dropped -14.24% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $41.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $35.43 and the 200 Day Moving Average price is recorded at $34.54.

BB&T Corporation (NYSE:BBT) has tumbled 3.44% during the past week and has dropped 5.03% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.84%. BB&T Corporation (NYSE:BBT) has underperformed the index by 2.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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