Cowen Group (COWN) : The short interest in Cowen Group (COWN) has changed with an increase of 447,554 shares and the open interest is 3.2%. From 14,051,609 short positions on Jul 29, 2016, the shorts increased to 14,499,163 shares by August 15, 2016. There are 22 more days left for the expiry and the daily trading volume of the stock is 656,367 shares. The total interest of shorts is 15.6% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Cowen Group (NASDAQ:COWN): The stock opened at $3.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.43 for the day. The stock traded down to $3.18 during the day, due to lack of any buying support eventually closed down at $3.19 with a loss of -5.34% for the day. The stock had closed at $3.37 on the previous day. The total traded volume was 621,776 shares.
In a related news, Holmes John J, officer (Chief Operating Officer) of Cowen Group, Inc., unloaded 50,000 shares at an average price of $5.53 on August 10, 2015. The total amount of the transaction was worth $276,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Cowen Group, Inc. is a diversified financial services firm. The Company provides alternative investment management, investment banking, research, and brokerage (including market-making and sales and trading) through its two business segments: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, replication products, liquid alternative risk premia products, customized solutions, mutual funds, managed futures funds, fund of funds, real estate and healthcare royalty funds. The broker-dealer segment offers industry focused investment banking for growth-oriented companies including advisory and global capital markets origination and domain knowledge-driven research and a sales and trading platform for institutional investors, primarily under the Cowen name.