Wells Fargo & Company June 15th Short Interest Update

Wells Fargo & Company (NYSE:WFC) has shown a rise of 8.6% or 1,968,752 shares in the short positions. The bets have increased to 24,747,343 shares on June 15,2016 from 22,778,591 shares on May 31,2016. With respect to the floated shares, the shorts are 0.5%. The days to cover are calculated to be 1, using the standard per day volume of 18,393,098 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wells Fargo & Company (NYSE:WFC): The stock opened at $45.76 on Friday but the bulls could not build on the opening and the stock topped out at $46.97 for the day. The stock traded down to $45.28 during the day, due to lack of any buying support eventually closed down at $45.71 with a loss of -4.59% for the day. The stock had closed at $47.91 on the previous day. The total traded volume was 46,744,062 shares.

The company shares have dropped -18.46% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $58.77 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $48.75 and the 200 Day Moving Average price is recorded at $49.63.

Wells Fargo & Company (NYSE:WFC) has tumbled 1.91% during the past week and has dropped 10.11% 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 0.28%. Wells Fargo & Company (NYSE:WFC) has underperformed the index by 7.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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