Short Interest Update on Goldman Sachs Group (The) (GS)

Goldman Sachs Group (The) (GS) : The short interest in Goldman Sachs Group (The) (GS) has increased from 5,200,647 to 5,286,292 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,166,950 shares are traded daily in the stock and only 2 days are left for the shorts to cover. The short open interest is 1.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 85,645 shares, which is an increase of 1.6% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Goldman Sachs Group (The) (NYSE:GS): The stock opened at $165.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $166.70 for the day. The stock traded down to $164.85 during the day, due to lack of any buying support eventually closed down at $165.30 with a loss of -0.47% for the day. The stock had closed at $166.08 on the previous day. The total traded volume was 2,035,311 shares.


In a related news, Smith Sarah G, (Principal Accounting Officer) of Goldman Sachs Group Inc, unloaded 2,664 shares at an average price of $162 on April 20, 2016. The total amount of the transaction was worth $431,568, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. Its investment management segment provides investment and wealth advisory services.

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