Could Tiptree Inc – Class A (NASDAQ:TIPT) Go Down After Its Newest Short Interest Report?

April 16, 2018 - By Vivian Currie

The stock of Tiptree Inc – Class A (NASDAQ:TIPT) registered a decrease of 4.03% in short interest. TIPT’s total short interest was 269,300 shares in April as published by FINRA. Its down 4.03% from 280,600 shares, reported previously. With 14,300 shares average volume, it will take short sellers 19 days to cover their TIPT’s short positions. The short interest to Tiptree Inc – Class A’s float is 1.22%.

The stock decreased 0.78% or $0.05 during the last trading session, reaching $6.4. About 12,870 shares traded. Tiptree Inc. (NASDAQ:TIPT) has declined 9.42% since April 16, 2017 and is downtrending. It has underperformed by 20.97% the S&P500.

Tiptree Inc., through its subsidiaries, engages in specialty insurance, asset management, senior living, and specialty finance businesses in the United States. The company has market cap of $273.07 million. The Company’s Specialty Insurance segment offers credit protection insurance, mobile protection, warranty and service contracts, and insurance programs; and value-add services, including premium finance and business processing services. It has a 57.66 P/E ratio. The company??s Asset Management segment engages in the management of credit related assets on behalf of pension funds, hedge funds, other asset management firms, banks, insurance companies, and other institutional investors.

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