BGC Partners June 15th Short Interest Update

BGC Partners (NASDAQ:BGCP), According to the latest information the short interest in BGC Partners, Inc. – Class A Common Stock plummeted by 9.3% or 399,798 shares. The final shorts are 2% of the total floated shares. The positions dropped from 4,305,220 shares on May 31,2016 to 3,905,422 on June 15,2016. According to the per-day average trading of 912,838 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

BGC Partners (NASDAQ:BGCP): The stock opened at $8.77 on Friday but the bulls could not build on the opening and the stock topped out at $8.98 for the day. The stock traded down to $8.72 during the day, due to lack of any buying support eventually closed down at $8.72 with a loss of -4.28% for the day. The stock had closed at $9.11 on the previous day. The total traded volume was 5,884,728 shares.

The company shares have rallied 3.81% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $10.05 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $8.98 and the 200 Day Moving Average price is recorded at $9.06.

BGC Partners (NASDAQ:BGCP) has tumbled 1.58% during the past week and has dropped 4.8% in the last 4 week period. The company has outperformed the S&P 500 by 0.05% in the past week but underperformed the index by 1.92% in the last 4 weeks.

BGC Partners Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services, which offers fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures and structured products, and Real Estate Services (or Newmark Grubb Knight Frank (NGKF)), which is a full-service commercial real estate platform that consists of its Real Estate Services segment. Through NGKF, the Company offers commercial real estate tenants, owners, investors and developers a range of services, including leasing and corporate advisory, investment sales and financial services, consulting, project management, and property and facilities management. The Company also provides broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.

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