United Community Banks June 15th Short Interest Update

United Community Banks (NASDAQ:UCBI) stated loss of 262,620 shares or 24% in the short interest. The short interest registered from 1,094,620 on May 31,2016 to 832,000 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.3%. The stock has been averaging 599,650 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

United Community Banks (NASDAQ:UCBI): The stock opened at $18.58 on Friday but the bulls could not build on the opening and the stock topped out at $18.69 for the day. The stock traded down to $17.98 during the day, due to lack of any buying support eventually closed down at $18.00 with a loss of -8.16% for the day. The stock had closed at $19.60 on the previous day. The total traded volume was 4,929,913 shares.

The company shares have dropped -13.17% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $22.23 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $19.50 and the 200 Day Moving Average price is recorded at $18.67.

United Community Banks (NASDAQ:UCBI) has tumbled 3.85% during the past week and has dropped 11.07% 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 2.25%. United Community Banks (NASDAQ:UCBI) has underperformed the index by 8.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

United Community Banks, Inc. is a bank holding company. The Companys principal business is conducted by its wholly owned subsidiary, United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia, coastal Georgia, the Atlanta, Georgia MSA, the Gainesville, Georgia MSA, western North Carolina, the Greenville, South Carolina MSA, and east and central Tennessee and provides a full range of banking services. The Company conducts substantially all of its operations through a community focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services.

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