Today Citigroup Incorporated (NYSE:C) Reported Decrease in Shorted Shares

September 17, 2017 - By Winifred Garcia

 Today Citigroup Incorporated (NYSE:C) Reported Decrease in Shorted Shares

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.29, from 0.83 in 2016Q3. It improved, as 54 investors sold Citigroup Inc shares while 430 reduced holdings. 161 funds opened positions while 382 raised stakes. 2.00 billion shares or 1.65% more from 1.97 billion shares in 2016Q3 were reported.
Security Trust Com owns 765 shares for 0.02% of their portfolio. Bankshares Of New York Mellon Corporation accumulated 32.87 million shares or 0.56% of the stock. Ronald Blue And Ltd holds 0.01% or 5,548 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.78% of its portfolio in Citigroup Inc (NYSE:C) for 1.27 million shares. Moreover, Fred Alger has 0% invested in Citigroup Inc (NYSE:C) for 2,500 shares. Ubs Asset Mgmt Americas invested in 0.51% or 7.61M shares. Stratos Wealth Prns Limited accumulated 10,977 shares or 0.04% of the stock. Northern Tru Corp has invested 0.61% in Citigroup Inc (NYSE:C). Pictet Asset Mgmt Ltd has invested 0.45% in Citigroup Inc (NYSE:C). Carret Asset Limited Liability Corp owns 0.35% invested in Citigroup Inc (NYSE:C) for 31,435 shares. Private Asset Mngmt Inc reported 249,158 shares stake. The United Kingdom-based Kiltearn Prns Ltd Liability Partnership has invested 10.34% in Citigroup Inc (NYSE:C). Moreover, Blackrock Institutional Trust Na has 0.7% invested in Citigroup Inc (NYSE:C). Warren Averett Asset Ltd Liability holds 0.12% of its portfolio in Citigroup Inc (NYSE:C) for 5,419 shares. Tocqueville Asset Management Limited Partnership has 8,040 shares.

The stock of Citigroup Incorporated (NYSE:C) registered a decrease of 0.45% in short interest. C’s total short interest was 22.95 million shares in September as published by FINRA. Its down 0.45% from 23.05 million shares, reported previously. With 12.54M shares average volume, it will take short sellers 2 days to cover their C’s short positions.

The stock decreased 0.33% or $0.23 on September 15, reaching $69.04. About 18.36 million shares traded or 25.15% up from the average. Citigroup Inc (NYSE:C) has risen 35.60% since September 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Citigroup Inc. is a financial services holding company. The company has market cap of $188.10 billion. The Company’s whose businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It has a 13.77 P/E ratio. The Firm operates through two divisions: Citicorp and Citi Holdings.

Citigroup Inc (NYSE:C) Ratings Coverage

Among 33 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. Citigroup Inc. had 83 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of C in report on Tuesday, January 19 with “Outperform” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, January 5 report. The stock has “Market Perform” rating by BMO Capital Markets on Monday, July 31. On Friday, January 29 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Citigroup Inc (NYSE:C) earned “Overweight” rating by Barclays Capital on Monday, March 14. Vetr upgraded Citigroup Inc (NYSE:C) rating on Monday, August 24. Vetr has “Hold” rating and $57.36 target. The firm has “Overweight” rating given on Monday, November 14 by Morgan Stanley. BMO Capital Markets maintained it with “Buy” rating and $64 target in Thursday, June 1 report. The firm has “Market Perform” rating by Wood given on Monday, April 18. Goldman Sachs downgraded Citigroup Inc (NYSE:C) rating on Friday, September 16. Goldman Sachs has “Neutral” rating and $50 target.

More important recent Citigroup Inc (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup: This Won’t End Well” on September 01, 2017, also Investorplace.com published article titled: “A Top Is Forming in Citigroup Inc (C) Stock”, Seekingalpha.com published: “Why You Need To Buy This Citi Breakout” on September 15, 2017. More interesting news about Citigroup Inc (NYSE:C) was released by: Reuters.com and their article: “Citigroup sees third-quarter markets revenue down 15 percent vs year-earlier” with publication date: September 11, 2017.

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