Manulife Financial Corp (MFC) : Traders are getting increasingly bearish on Manulife Financial Corp (MFC), as can be seen in the addition of short positions from 8,016,679 on Jul 29, 2016, to 8,244,292 on August 15, 2016. The net change in shorts is 227,613 shares, an increase of 2.8%. 4 days remain before the expiry. The 0.4% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 2,080,496. The short interest information was released on Wednesday Aug 24th after the market close.
Manulife Financial Corp (NYSE:MFC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.44 and $13.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.51, notching a gain of 0.52% for the day. The total traded volume was 1,680,799 . The stock had closed at $13.44 on the previous day.
Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia, Canadian and U.S. Divisions, and the Corporate and Other segment. Its Asia, Canadian and U.S. Divisions segment offers protection and wealth management services, such as life insurance and individual group long-term care insurance, annuities, pension contracts and mutual fund products and services, retirement products, and deposit and credit products to Canadian customers, among others. The Companys Corporate and Other segment consists of investment performance on assets backing capital, net of amounts allocated to operating division and financing costs, external asset management business, and property and casualty (P&C) reinsurance business, among others.