Citigroup (NYSE:C), A increase of 2,452,509 shares or 8.2% was observed in the short interest of Citigroup The interest on June 15,2016 came in at 32,249,711 shares and as per the average daily trading of 20,229,466 shares, the days to cover are 2. The increased interest is 1.1% of the floated shares. The data of May 31,2016 put the interest at 29,797,202 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Citigroup (NYSE:C): The stock opened at $40.63 on Friday but the bulls could not build on the opening and the stock topped out at $41.39 for the day. The stock traded down to $40.26 during the day, due to lack of any buying support eventually closed down at $40.30 with a loss of -9.36% for the day. The stock had closed at $44.46 on the previous day. The total traded volume was 71,849,750 shares.
The company shares have dropped -26.57% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.41 and the 200 Day Moving Average price is recorded at $44.25.
Citigroup (NYSE:C) has tumbled 5.13% during the past week and has dropped 13.48% 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 3.56%. Citigroup (NYSE:C) has underperformed the index by 10.86% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citis consumer operations, as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.