Comerica Incorporated (CMA) has 4,726,831 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 5,251,255 shares. The stock has a decent trading volume of 1,777,707 shares daily. The marginal decrease in the short positions is by -10%, which amounts to -524,424 shares. Short positions are 2.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Comerica Incorporated (NYSE:CMA): The stock opened at $45.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $46.26 for the day. The stock traded down to $45.68 during the day, due to lack of any buying support eventually closed down at $45.81 with a loss of -0.09% for the day. The stock had closed at $45.85 on the previous day. The total traded volume was 1,130,619 shares.
In a related news,The officer (Executive Vice President) of Comerica Inc /New/, Sefzik Peter L sold 2,500 shares at $35.43 on March 2, 2016. The Insider selling transaction had a total value worth of $88,575. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Comerica Incorporated is a financial services company. The Companys principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition, it also operates in the Finance segment. The Business Bank segment offers commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. The Retail Bank segment offers deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.