Short Interest Update on Fulton Financial Corporation (FULT)

Fulton Financial Corporation (FULT) : The traders have covered their outstanding shorts in Fulton Financial Corporation (FULT) to the tune of -576,910 shares, a change of -9.7%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,933,105 shares, however, by August 15, 2016, the shorts had reduced to 5,356,195 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 3.1% of the free float of the stock. It takes 10 days to cover the outstanding short positions. The stock has an average daily volume of 537,884 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Fulton Financial Corporation (NASDAQ:FULT): The stock was completely flat for the day, closing at $14.11 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $14.12, the stock touched an intraday high of $14.17 and a low of $14.00. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $14.11. The total trading volume on Wednesday was 463,852.


In a related news, Rohrbaugh Philmer H, COO of Fulton Financial Corp, executed a transaction worth $195,440 on August 16, 2016. A total of 14,000 shares were purchased at an average price of $13.96. 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.

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. In addition, the Company owns the non-bank subsidiaries, such as Fulton Reinsurance Company, LTD, Fulton Financial Realty Company, Central Pennsylvania Financial Corp., FFC Management, Inc., FFC Penn Square, Inc. and Fulton Insurance Services Group, Inc. The Company offers, through its banking subsidiaries, a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.

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