First American Corporation (The) June 15th Short Interest Update

First American Corporation (The) (NYSE:FAF) reported a drop of 2.4% or 117,918 shares in its short interest. The short figure came in at 4.5% of the total floats. The average daily volume of 474,522 shares suggests that the days to cover 4,729,475 short positions, as on June 15,2016, will be 10. On May 31,2016, the short interest was 4,847,393 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

First American Corporation (The) (NYSE:FAF): The stock opened at $38.00 on Friday but the bulls could not build on the opening and the stock topped out at $39.49 for the day. The stock traded down to $38.00 during the day, due to lack of any buying support eventually closed down at $38.86 with a loss of -0.72% for the day. The stock had closed at $39.14 on the previous day. The total traded volume was 10,069,155 shares.

The company shares have rallied 5.83% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $43.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.75 and the 200 Day Moving Average price is recorded at $36.36.

First American Corporation (The) (NYSE:FAF) has climbed 0.73% in the past week and advanced 1.89% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.4% and the outperformance has advanced to 4.97% for the last 4 weeks period.

First American Financial Corporation (FAF) is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company operates in two segments: Title Insurance and Services segment, and Specialty Insurance segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property. This segment also provides closing and escrow services; accommodates tax-deferred exchanges of real estate and provides banking, trust and investment advisory services. The Companys specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism and other types of property damage. The Companys subsidiary is First American Title Insurance Company and First American Trust, FSB.

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