Short Interest Update on F.N.B. Corporation (FNB)

F.N.B. Corporation (FNB) : The short interest in F.N.B. Corporation (FNB) has changed with an increase of 2,342,959 shares and the open interest is 17.4%. From 13,494,746 short positions on Jul 29, 2016, the shorts increased to 15,837,705 shares by August 15, 2016. There are 6 more days left for the expiry and the daily trading volume of the stock is 2,537,952 shares. The total interest of shorts is 7.6% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

F.N.B. Corporation (NYSE:FNB): The stock opened at $12.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.35 for the day. The stock traded down to $12.23 during the day, due to lack of any buying support eventually closed down at $12.26 with a loss of -0.16% for the day. The stock had closed at $12.28 on the previous day. The total traded volume was 1,528,459 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Chief Credit Officer) of Fnb Corp/Fl/, Guerrieri Gary L had purchased shares worth of $50,022 in a transaction dated on August 11, 2016. A total of 4,117 shares were purchased at a price of $12.15 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

F.N.B. Corporation is a financial holding company. The Company has four business segments: Community Banking, Wealth Management, Insurance and Consumer Finance. The Company also operates other non-banking subsidiaries. The Companys Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual instalment loans. The Companys Wealth Management segment delivers wealth management services to individuals, corporations and retirement funds, as well as existing customers of Community Banking. The Companys Insurance segment operates principally through First National Insurance Agency, LLC (FNIA), which is a subsidiary of the Corporation. The Companys Consumer Finance segment operates through its subsidiary, Regency Finance Company.

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