Cincinnati Financial Corporation (CINF) : 7 days before expiry, shorts in Cincinnati Financial Corporation (CINF) have reduced from 3,918,363 on Jul 29, 2016, to 3,344,998 on August 15, 2016. On an average, 496,310 shares are traded on the exchange. The outstanding bearish positions are equal to 2.2% of the float. Short sellers have covered -573,365 shares, a reduction of -14.6%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Cincinnati Financial Corporation (NASDAQ:CINF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.00 and $75.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.05, notching a gain of 0.08% for the day. The total traded volume was 517,290 . The stock had closed at $75.99 on the previous day.
In a related news, Debbink Dirk J, director of Cincinnati Financial Corp, executed a transaction worth $10,007 on June 3, 2016. A total of 144 shares were purchased at an average price of $69.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines, Personal lines, Excess and surplus lines, Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company, CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business, homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company, which provides life insurance, disability income policies and fixed annuities, and The Cincinnati Specialty Underwriters Insurance Company, which offers excess and surplus lines insurance products.