First Niagara Financial Group June 15th Short Interest Update

First Niagara Financial Group (NASDAQ:FNFG) has shown a rise of 49.9% or 1,604,045 shares in the short positions. The bets have increased to 4,816,177 shares on June 15,2016 from 3,212,132 shares on May 31,2016. With respect to the floated shares, the shorts are 1.4%. The days to cover are calculated to be 2, using the standard per day volume of 2,401,063 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

First Niagara Financial Group (NASDAQ:FNFG): The stock opened at $9.84 on Friday but the bulls could not build on the opening and the stock topped out at $10.00 for the day. The stock traded down to $9.72 during the day, due to lack of any buying support eventually closed down at $9.73 with a loss of -5.90% for the day. The stock had closed at $10.34 on the previous day. The total traded volume was 5,061,105 shares.

The company shares have rallied 3.40% from its 1 Year high price. On Oct 29, 2015, the shares registered one year high at $11.22 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $10.48 and the 200 Day Moving Average price is recorded at $10.10.

First Niagara Financial Group (NASDAQ:FNFG) has tumbled 3.52% during the past week and has dropped 10.73% 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 1.92%. First Niagara Financial Group (NASDAQ:FNFG) has underperformed the index by 8.03% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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