The short interest in MetLife (NYSE:MET) has increased from 11,453,795 on May 31,2016 to 14,233,625 on June 15,2016. The change was measured at 2,779,830 shares or 24.3%. The leftover shorts were 1.5% of the floated shares. The days to cover are 2, given the average daily volume of 6,315,875 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
MetLife (NYSE:MET): The stock opened at $41.21 on Friday but the bulls could not build on the opening and the stock topped out at $41.47 for the day. The stock traded down to $39.38 during the day, due to lack of any buying support eventually closed down at $39.44 with a loss of -10.71% for the day. The stock had closed at $44.17 on the previous day. The total traded volume was 18,505,534 shares.
The company shares have dropped -28.90% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $58.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.76 and the 200 Day Moving Average price is recorded at $43.63.
MetLife (NYSE:MET) has tumbled 6.47% during the past week and has dropped 13.83% 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 4.92%. MetLife (NYSE:MET) has underperformed the index by 11.22% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.