UBS AG (UBS) : Traders are increasing their bearish positions on the stock, as is visible by the 0.9% jump in the outstanding short positions; a total addition of 159,055 shares on the sell side. On Jul 29, 2016, the total short positions were 17,376,550 shares, which went up to 17,535,605 shares by the close of trading on August 15, 2016. It will take 9 days for the bears to roll over or cover. An average of 1,949,073 shares exchange hands daily. 0.5% 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.
UBS AG (NYSE:UBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.18 and $14.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.09, notching a gain of 1.81% for the day. The total traded volume was 2,235,084 . The stock had closed at $13.84 on the previous day.
UBS Group AG is a holding company of the UBS Group. The Companys businesses are organized globally into five business segments: Wealth Management, Wealth Management Americas, Retail & Corporate, Global Asset Management and the Investment Bank. The Company provides private, institutional and corporate customers around the world, as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions, such as finance, including treasury services, such as liquidity, funding, balance sheet and capital management; risk control, including compliance, and legal. In addition, Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.