Short Interest Update on Zions Bancorporation (ZION)

Zions Bancorporation (ZION) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 10,290,064 on Jul 29, 2016, to 12,165,847, on August 15, 2016. Daily, 2,506,494 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 1,875,783 shares, which is an increase of just 18.2%. The total short interest of 6% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Zions Bancorporation (NASDAQ:ZION): The stock was completely flat for the day, closing at $29.28 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $29.18, the stock touched an intraday high of $29.49 and a low of $28.75. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $29.28. The total trading volume on Wednesday was 1,746,434.


In a related news, Morris Michael, officer (Executive Vice President) of Zions Bancorporation /Ut/, unloaded 8,634 shares at an average price of $27.88 on May 27, 2016. The total amount of the transaction was worth $240,716, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *