Short Interest Update on Radian Group (RDN)

Radian Group (RDN) : Traders are increasing their bearish positions on the stock, as is visible by the 1.4% jump in the outstanding short positions; a total addition of 141,592 shares on the sell side. On Jul 29, 2016, the total short positions were 10,272,033 shares, which went up to 10,413,625 shares by the close of trading on August 15, 2016. It will take 5 days for the bears to roll over or cover. An average of 2,311,830 shares exchange hands daily. 4.9% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Radian Group (NYSE:RDN): The stock opened at $13.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.71 for the day. The stock traded down to $13.50 during the day, due to lack of any buying support eventually closed down at $13.58 with a loss of -0.15% for the day. The stock had closed at $13.60 on the previous day. The total traded volume was 1,530,461 shares.


In a related news, Brummer Derek, officer (EVP and Chief Risk Officer) of Radian Group Inc had purchased 16,000 shares on August 10, 2016 in a transaction. The price per share was $12.9 and the total amount of the disclosed transaction was $206,400.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty, the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.

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