Lazard Ltd. (NYSE:LAZ) has seen a shortfall of 130,172 shares or 7.5% in the short interest. The remaining shorts are 1.3% of the total floated shares. The net short interest, as on June 15,2016, stood at 1,616,528 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 650,705 shares. On May 31,2016, 1,746,700 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Lazard Ltd. (NYSE:LAZ): The stock opened at $32.50 on Friday but the bulls could not build on the opening and the stock topped out at $32.67 for the day. The stock traded down to $30.67 during the day, due to lack of any buying support eventually closed down at $31.21 with a loss of -10.68% for the day. The stock had closed at $34.94 on the previous day. The total traded volume was 4,982,419 shares.
The company shares have dropped -42.40% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $59.82 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $33.79 and the 200 Day Moving Average price is recorded at $36.67.
Lazard Ltd. (NYSE:LAZ) has tumbled 5.99% during the past week and has dropped 11.18% 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 4.43%. Lazard Ltd. (NYSE:LAZ) has underperformed the index by 8.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters. The Companys Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients.