Short Interest Update on PNC Financial Services Group (The) (PNC)

PNC Financial Services Group (The) (PNC) : Traders are increasing their bearish positions on the stock, as is visible by the 6.1% jump in the outstanding short positions; a total addition of 318,240 shares on the sell side. On Jul 29, 2016, the total short positions were 5,207,044 shares, which went up to 5,525,284 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 2,265,715 shares exchange hands daily. 1.1% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

PNC Financial Services Group (The) (NYSE:PNC): The stock opened at $85.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $86.08 for the day. The stock traded down to $85.50 during the day, due to lack of any buying support eventually closed down at $85.67 with a loss of -0.05% for the day. The stock had closed at $85.71 on the previous day. The total traded volume was 1,713,431 shares.


In a related news, The officer (Executive Vice President), of Pnc Financial Services Group, Inc., Hannon Michael J had unloaded 33,000 shares at $86.49 per share in a transaction on August 8, 2016. The total value of transaction was $2,854,170. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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