BankUnited (NYSE:BKU), A reduction of 760,079 shares or 16.2% was observed in the short interest of Bankunited Inc The interest on June 15,2016 came in at 3,933,814 shares and as per the average daily trading of 1,181,748 shares, the days to cover are 3. The reduced interest is 4% of the floated shares. The data of May 31,2016 put the interest at 4,693,893 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
BankUnited (NYSE:BKU): The stock opened at $30.79 on Friday but the bulls could not build on the opening and the stock topped out at $31.55 for the day. The stock traded down to $30.20 during the day, due to lack of any buying support eventually closed down at $30.28 with a loss of -8.16% for the day. The stock had closed at $32.97 on the previous day. The total traded volume was 2,463,012 shares.
The company shares have dropped -15.35% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $39.97 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.78 and the 200 Day Moving Average price is recorded at $33.88.
BankUnited (NYSE:BKU) has tumbled 4.03% during the past week and has dropped 9.07% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.43%. BankUnited (NYSE:BKU) has underperformed the index by 6.32% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
BankUnited, Inc. is a bank holding company with one wholly owned subsidiary, BankUnited, National Association, collectively, the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Companys lending focus is to serve commercial and middle-market businesses, their executives and consumers with financial products and services. It offers lending products , such as small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit, residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with various terms and rates.