MBIA June 15th Short Interest Update

MBIA (NYSE:MBI), According to the latest information the short interest in MBIA Inc. plummeted by 8.3% or 1,181,746 shares. The final shorts are 10% of the total floated shares. The positions dropped from 14,189,240 shares on May 31,2016 to 13,007,494 on June 15,2016. According to the per-day average trading of 2,157,405 shares, the days to cover are 6. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

MBIA (NYSE:MBI): The stock opened at $6.57 on Friday but the bulls could not build on the opening and the stock topped out at $6.78 for the day. The stock traded down to $6.50 during the day, due to lack of any buying support eventually closed down at $6.52 with a loss of -7.52% for the day. The stock had closed at $7.05 on the previous day. The total traded volume was 4,766,936 shares.

The company shares have rallied 2.35% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $9.49 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $7.08 and the 200 Day Moving Average price is recorded at $7.21.

MBIA (NYSE:MBI) has tumbled 6.46% during the past week and has dropped 11.41% 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 4.9%. MBIA (NYSE:MBI) has underperformed the index by 8.73% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

MBIA Inc. (MBIA) is a holding company. Through its subsidiary, the Company provides financial guarantee insurance to the United States public finance markets. The Companys indirect, wholly owned subsidiary is National Public Finance Guarantee Corporation (National). The Companys operating segments includes United States (U.S.) public finance insurance; international and structured finance insurance; corporate and advisory services. The U.S. public finance insurance business is operated through National Public Finance Guarantee Corporation and its subsidiaries (National). The international and structured finance insurance business is operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The asset management and advisory services business is operated through Cutwater Holdings, LLC and its subsidiaries (Cutwater). Nationals guarantees insure municipal bonds, including tax-exempt and taxable indebtedness of the United States political subdivisions.

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