KeyCorp June 15th Short Interest Update

KeyCorp (NYSE:KEY) stated loss of 793,419 shares or 1.5% in the short interest. The short interest registered from 53,122,101 on May 31,2016 to 52,328,682 on June 15,2016. In terms of floated shares, the shorted positions stood at 6.2%. The stock has been averaging 12,529,411 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

KeyCorp (NYSE:KEY): The stock opened at $11.28 on Friday but the bulls could not build on the opening and the stock topped out at $11.49 for the day. The stock traded down to $11.05 during the day, due to lack of any buying support eventually closed down at $11.07 with a loss of -7.67% for the day. The stock had closed at $11.99 on the previous day. The total traded volume was 24,581,159 shares.

The company shares have dropped -26.05% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $15.46 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.20 and the 200 Day Moving Average price is recorded at $11.77.

KeyCorp (NYSE:KEY) has tumbled 4.73% during the past week and has dropped 14.05% 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 3.15%. KeyCorp (NYSE:KEY) has underperformed the index by 11.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

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