The Charles Schwab Corporation June 15th Short Interest Update

The Charles Schwab Corporation (NYSE:SCHW) reported a drop of 10.1% or 2,037,732 shares in its short interest. The short figure came in at 1.6% of the total floats. The average daily volume of 9,088,087 shares suggests that the days to cover 18,215,460 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 20,253,192 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

The Charles Schwab Corporation (NYSE:SCHW): The stock opened at $27.34 on Friday but the bulls could not build on the opening and the stock topped out at $27.77 for the day. The stock traded down to $26.15 during the day, due to lack of any buying support eventually closed down at $26.15 with a loss of -11.92% for the day. The stock had closed at $29.69 on the previous day. The total traded volume was 26,534,729 shares.

The company shares have dropped -18.94% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $35.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $28.87 and the 200 Day Moving Average price is recorded at $28.19.

The Charles Schwab Corporation (NYSE:SCHW) has tumbled 7.86% during the past week and has dropped 14.63% 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 6.33%. The Charles Schwab Corporation (NYSE:SCHW) has underperformed the index by 12.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.

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