Short Interest Update on Fortress Investment Group LLC (FIG)

Fortress Investment Group LLC (FIG) : Traders are increasing their bearish positions on the stock, as is visible by the 4.9% jump in the outstanding short positions; a total addition of 46,023 shares on the sell side. On Jul 29, 2016, the total short positions were 947,052 shares, which went up to 993,075 shares by the close of trading on August 15, 2016. It will take 1 days for the bears to roll over or cover. An average of 833,809 shares exchange hands daily. 0.5% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Fortress Investment Group LLC (NYSE:FIG): The stock opened at $5.03 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.04 for the day. The stock traded down to $4.99 during the day, due to lack of any buying support eventually closed down at $4.99 with a loss of -0.80% for the day. The stock had closed at $5.03 on the previous day. The total traded volume was 224,360 shares.


In a related news, Edens Wesley R, director officer 10% owner (Principal) of Fortress Investment Group Llc had purchased 200,000 shares on August 27, 2015 in a transaction. The price per share was $6.06 and the total amount of the disclosed transaction was $1,212,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $67.5 billion in assets under management (AUM) as of December 31, 2014. Its business is to sponsor the formation of, and provide investment management services for, various investment funds and companies, including related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress has three primary sources of income from the Fortress Funds: management fees, incentive income and investment income on its investments in the funds. The Fortress Funds fall into four business segments in which Fortress operates: Private equity, focuses on control-oriented investments; Liquid hedge funds, invests in fixed income, currency, equity and commodity markets, and related derivatives; Credit funds, invests in direct lending, corporate debt and securities, real estate and structured finance, and Logan Circle, an asset management business.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.