Synchrony Financial June 15th Short Interest Update

Synchrony Financial (NYSE:SYF), According to the latest information the short interest in Synchrony Financial shot up by 11.2% or 1,419,353 shares. The final shorts are 1.7% of the total floated shares. The positions increased from 12,707,332 shares on May 31,2016 to 14,126,685 on June 15,2016. According to the per-day average trading of 13,646,368 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Synchrony Financial (NYSE:SYF): The stock opened at $24.95 on Friday but the bulls could not build on the opening and the stock topped out at $25.47 for the day. The stock traded down to $24.55 during the day, due to lack of any buying support eventually closed down at $24.64 with a loss of -5.23% for the day. The stock had closed at $26.00 on the previous day. The total traded volume was 16,053,501 shares.

The company shares have dropped -23.55% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $36.40 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $29.26 and the 200 Day Moving Average price is recorded at $28.81.

Synchrony Financial (NYSE:SYF) has tumbled 4.38% during the past week and has dropped 20.92% 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 2.8%. Synchrony Financial (NYSE:SYF) has underperformed the index by 18.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Companys revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts, under its Optimizer+Plus brand.

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