The Short Interest in Citigroup Inc. (C) Declines By 21.6%

The Short Interest in Citigroup Inc. (C) Declines By 21.6%

Citigroup Inc. (NYSE:C) was the recipient of a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 32,962,083 shares, a decline of 21.6% from the December 15th total of 42,024,707 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 16,885,644 shares, the days-to-cover ratio is currently 2.0 days.

Citigroup (NYSE:C) opened at 56.66 on Friday. Citigroup has a 12 month low of $34.52 and a 12 month high of $61.63. The stock has a market capitalization of $161.47 billion, a price-to-earnings ratio of 12.32 and a beta of 1.75. The company has a 50-day moving average price of $59.50 and a 200 day moving average price of $50.55.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The company earned $17 billion during the quarter, compared to the consensus estimate of $17.26 billion. During the same period last year, the firm earned $1.06 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities analysts predict that Citigroup will post $5.24 earnings per share for the current year.

C has been the topic of several research analyst reports. boosted their target price on Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Nomura restated a “buy” rating and set a $55.00 target price on shares of Citigroup in a research note on Thursday, September 29th. Jefferies Group boosted their target price on Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, October 10th. Compass Point initiated coverage on Citigroup in a research note on Tuesday, October 11th. They set a “sell” rating and a $39.00 target price on the stock. Finally, Vetr downgraded Citigroup from a “hold” rating to a “sell” rating and set a $47.03 target price on the stock. in a research note on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Citigroup presently has an average rating of “Buy” and an average target price of $59.40.

Several large investors have recently bought and sold shares of C. UMB Bank N A MO increased its stake in Citigroup by 0.5% in the second quarter. UMB Bank N A MO now owns 6,721 shares of the financial services provider’s stock worth $285,000 after buying an additional 36 shares during the last quarter. Tarbox Group Inc. increased its position in shares of Citigroup by 0.8% in the third quarter. Tarbox Group Inc. now owns 4,799 shares of the financial services provider’s stock valued at $227,000 after buying an additional 40 shares in the last quarter. Financial Architects Inc increased its position in shares of Citigroup by 0.5% in the third quarter. Financial Architects Inc now owns 8,828 shares of the financial services provider’s stock valued at $417,000 after buying an additional 41 shares in the last quarter. Pitcairn Co. increased its position in shares of Citigroup by 0.5% in the second quarter. Pitcairn Co. now owns 10,299 shares of the financial services provider’s stock valued at $437,000 after buying an additional 53 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its position in shares of Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares in the last quarter. Institutional investors own 70.69% of the company’s stock.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Related posts

Leave a Comment