Zions Bancorporation (NASDAQ:ZION) has witnessed a rise of 6.8% or 861,199 shares in its short figure. The short interest augmentation took it from 12,733,615 on May 31,2016 to 13,594,814 on June 15,2016. In terms of floated shares, the short interest was calculated to be 6.8%. The days to cover are 4 given that the daily volume averaged 3,210,158 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Zions Bancorporation (NASDAQ:ZION): The stock opened at $26.35 on Friday but the bulls could not build on the opening and the stock topped out at $26.78 for the day. The stock traded down to $25.28 during the day, due to lack of any buying support eventually closed down at $25.29 with a loss of -10.19% for the day. The stock had closed at $28.16 on the previous day. The total traded volume was 7,663,277 shares.
The company shares have dropped -19.77% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $32.42 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.31 and the 200 Day Moving Average price is recorded at $25.15.
Zions Bancorporation (NASDAQ:ZION) has tumbled 5.03% during the past week and has dropped 10.19% 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 3.46%. Zions Bancorporation (NASDAQ:ZION) has underperformed the index by 7.47% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.