CNO Financial Group (NYSE:CNO) reported a drop of 16.1% or 1,100,829 shares in its short interest. The short figure came in at 3.3% of the total floats. The average daily volume of 946,025 shares suggests that the days to cover 5,746,349 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 6,847,178 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CNO Financial Group (NYSE:CNO): The stock opened at $17.88 on Friday but the bulls could not build on the opening and the stock topped out at $18.28 for the day. The stock traded down to $17.57 during the day, due to lack of any buying support eventually closed down at $17.60 with a loss of -8.62% for the day. The stock had closed at $19.26 on the previous day. The total traded volume was 2,372,880 shares.
The company shares have dropped -3.24% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $20.88 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $19.31 and the 200 Day Moving Average price is recorded at $18.27.
CNO Financial Group (NYSE:CNO) has tumbled 5.38% during the past week and has dropped 13.68% 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 3.81%. CNO Financial Group (NYSE:CNO) has underperformed the index by 11.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life, Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health, including specified disease, accident and hospital indemnity insurance products, and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.