SunTrust Banks June 15th Short Interest Update

SunTrust Banks (NYSE:STI) has shown a drop of 3.5% or 312,226 shares in the short positions. The bets have increased to 8,592,129 shares on June 15,2016 from 8,904,355 shares on May 31,2016. With respect to the floated shares, the shorts are 1.7%. The days to cover are calculated to be 3, using the standard per day volume of 3,157,386 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

SunTrust Banks (NYSE:STI): The stock opened at $40.38 on Friday but the bulls could not build on the opening and the stock topped out at $41.65 for the day. The stock traded down to $39.99 during the day, due to lack of any buying support eventually closed down at $40.54 with a loss of -6.18% for the day. The stock had closed at $43.21 on the previous day. The total traded volume was 8,642,603 shares.

The company shares have dropped -4.90% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $45.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.24 and the 200 Day Moving Average price is recorded at $39.02.

SunTrust Banks (NYSE:STI) has tumbled 1.75% during the past week and has dropped 7.49% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.11%. SunTrust Banks (NYSE:STI) has underperformed the index by 4.69% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.

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