Popular (BPOP) : Traders are increasing their bearish positions on the stock, as is visible by the 45.1% jump in the outstanding short positions; a total addition of 509,796 shares on the sell side. On Jul 29, 2016, the total short positions were 1,129,998 shares, which went up to 1,639,794 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 885,592 shares exchange hands daily. 1.6% 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.
Popular (NASDAQ:BPOP): The stock opened at $37.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $38.07 for the day. The stock traded down to $37.76 during the day, due to lack of any buying support eventually closed down at $37.87 with a loss of -0.03% for the day. The stock had closed at $37.88 on the previous day. The total traded volume was 425,643 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior VP & Comptroller) of Popular Inc, Garcia Jorge J. had sold 3,500 shares worth of $109,900 in a transaction dated May 24, 2016. In this transaction, 3,500 shares were sold at $31.4 per share.
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Companys BPPR segment provides retail, including residential mortgage loans originations and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Companys BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for the Companys operations in the United States. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.