Allstate Corporation (The) June 15th Short Interest Update

Allstate Corporation (The) (NYSE:ALL) stated gains of 3,890,951 shares or 109.8% in the short interest. The short interest registered from 3,542,770 on May 31,2016 to 7,433,721 on June 15,2016. In terms of floated shares, the shorted positions stood at 2.1%. The stock has been averaging 1,607,112 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Allstate Corporation (The) (NYSE:ALL): The stock opened at $65.58 on Friday but the bulls could not build on the opening and the stock topped out at $66.98 for the day. The stock traded down to $65.32 during the day, due to lack of any buying support eventually closed down at $66.26 with a loss of -2.36% for the day. The stock had closed at $67.86 on the previous day. The total traded volume was 3,908,808 shares.

The company shares have rallied 2.44% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $69.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $67.20 and the 200 Day Moving Average price is recorded at $64.55.

Allstate Corporation (The) (NYSE:ALL) has tumbled 0.24% during the past week and has dropped 2.1% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.41% and the outperformance has advanced to 0.86% for the last 4 weeks period.

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The principal geographic markets for its auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells various types of personal property and casualty insurance products in around 50 states, the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies, contact centers and Internet. It sells these products under Allstate, Esurance and Encompass brand names.

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