Short Interest Update on CIT Group Inc (DEL) (CIT)

CIT Group Inc (DEL) (CIT) : The bears are holding on to their shorts in Accenture Plc with 6 more days remaining for them to cover their positions. The bearish positions have increased from 7,982,822 on Jul 29, 2016, to 8,049,563, on August 15, 2016. Daily, 1,271,195 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 66,741 shares, which is an increase of just 0.8%. The total short interest of 4.2% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

CIT Group Inc (DEL) (NYSE:CIT): The stock opened at $36.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.66 for the day. The stock traded down to $36.07 during the day, due to lack of any buying support eventually closed down at $36.17 with a loss of -0.47% for the day. The stock had closed at $36.34 on the previous day. The total traded volume was 984,520 shares.


In a related news, Mnuchin Steven T, director officer (Vice Chairman) of Cit Group Inc had purchased 80,000 shares on February 11, 2016 in a transaction. The price per share was $25.64 and the total amount of the disclosed transaction was $2,051,200.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

CIT Group Inc. is a bank holding company (BHC), which provides financing, leasing and advisory services principally to middle market companies. The Company operates in two segments: Transportation and International Finance (TIF), provider of leasing and financing solutions to operators and suppliers in the global aviation and railcar industries, and North American Commercial Finance (NACF)., which consists of four divisions: Commercial Services, Corporate Finance, Equipment Finance and Real Estate Finance. Commercial Services provides factoring, receivable management products, and secured financing to businesses. Corporate Finance provides a range of financing options and offers advisory services to small and medium size companies. Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies. Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals.

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