Ally Financial (NYSE:ALLY), According to the latest information the short interest in Ally Financial Inc. shot up by 14.2% or 1,715,988 shares. The final shorts are 3.1% of the total floated shares. The positions increased from 12,072,633 shares on May 31,2016 to 13,788,621 on June 15,2016. According to the per-day average trading of 4,624,911 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Ally Financial (NYSE:ALLY): The stock opened at $15.79 on Friday but the bulls could not build on the opening and the stock topped out at $16.31 for the day. The stock traded down to $15.76 during the day, due to lack of any buying support eventually closed down at $15.83 with a loss of -5.89% for the day. The stock had closed at $16.82 on the previous day. The total traded volume was 6,414,129 shares.
The company shares have dropped -29.68% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $23.24 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.12 and the 200 Day Moving Average price is recorded at $17.50.
Ally Financial (NYSE:ALLY) has tumbled 3.36% during the past week and has dropped 10.97% 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 1.75%. Ally Financial (NYSE:ALLY) has underperformed the index by 8.27% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.