Radian Group June 15th Short Interest Update

Radian Group (NYSE:RDN) reported a rise of 9.8% or 803,733 shares in its short interest. The short figure came in at 4.2% of the total floats. The average daily volume of 2,511,039 shares suggests that the days to cover 9,045,200 short positions, as on June 15,2016, will be 4. On May 31,2016, the short interest was 8,241,467 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Radian Group (NYSE:RDN): The stock opened at $10.27 on Friday but the bulls could not build on the opening and the stock topped out at $10.42 for the day. The stock traded down to $10.13 during the day, due to lack of any buying support eventually closed down at $10.14 with a loss of -6.02% for the day. The stock had closed at $10.79 on the previous day. The total traded volume was 7,422,899 shares.

The company shares have dropped -45.48% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $19.12 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $11.60 and the 200 Day Moving Average price is recorded at $11.85.

Radian Group (NYSE:RDN) has tumbled 2.69% during the past week and has dropped 18.42% 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 1.07%. Radian Group (NYSE:RDN) has underperformed the index by 15.96% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty, the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.

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