Banking, finance, and taxes
Short Interest Rose in Bank Stocks: June 2007 (JPM, BAC, USB, NCC, STT, C, WFC, BK, STI)
Published:
Stock Tickers: JPM, BAC, USB, NCC, STT, C, WFC, BK, STI
The large banking stocks saw a fairly large increase in short interest from May to June in 2007. That is after a mixed April to May period. With what happened in rates during the last month that would have probably been expected. Here is the June 2007 short interest:
STOCK (Ticker) JUN07 MAY07 Change
JPMorgan Chase (JPM) 31.94M 28.24M +12%
US Bancorp (USB) 35.4M 25.23M +40%
National City (NCC) 33.7M 26.66M +26%
State Street (STT) 13.8M 12.44M +10.9%
Bank of America (BAC) 35.2M 28.72M +22%
Citigroup (C) 31.26M 32.4M +6%
Wells Fargo (WFC) 51.8M 35.97M +44%
Bank of New York (BK) 7.01M 5.04M +39%
lower short interest…..
SunTrust Banks (STI) 7.42M 7.94M -6.5%
Jon C. Ogg
June 22, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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