Itau Unibanco Banco Holding SA June 15th Short Interest Update

Itau Unibanco Banco Holding SA (NYSE:ITUB), According to the latest information the short interest in Itau Unibanco Holding Sa shot up by 3.5% or 1,121,810 shares. The final shorts are 1.1% of the total floated shares. The positions increased from 31,972,962 shares on May 31,2016 to 33,094,772 on June 15,2016. According to the per-day average trading of 12,796,878 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Itau Unibanco Banco Holding SA (NYSE:ITUB): The stock opened at $8.53 on Friday but the bulls could not build on the opening and the stock topped out at $8.77 for the day. The stock traded down to $8.44 during the day, due to lack of any buying support eventually closed down at $8.53 with a loss of -5.01% for the day. The stock had closed at $8.98 on the previous day. The total traded volume was 18,324,293 shares.

The company shares have dropped -21.53% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $11.24 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $8.58 and the 200 Day Moving Average price is recorded at $7.71.

Itau Unibanco Banco Holding SA (NYSE:ITUB) has climbed 1.43% in the past week and advanced 3.52% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.11% and the outperformance has advanced to 6.65% for the last 4 weeks period.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

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