First Horizon National Corporation (NYSE:FHN) encountered a drop of 4.3% or -532,345 shares in the short positions. The number dropped from 12,518,290 on May 31,2016 to 11,985,945 on June 15,2016. The final interest is 5.2% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 2,071,339 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
First Horizon National Corporation (NYSE:FHN): The stock opened at $13.09 on Friday but the bulls could not build on the opening and the stock topped out at $13.46 for the day. The stock traded down to $12.97 during the day, due to lack of any buying support eventually closed down at $13.14 with a loss of -6.81% for the day. The stock had closed at $14.10 on the previous day. The total traded volume was 3,097,600 shares.
The company shares have dropped -15.01% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $16.35 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.99 and the 200 Day Moving Average price is recorded at $13.47.
First Horizon National Corporation (NYSE:FHN) has tumbled 3.1% during the past week and has dropped 9.81% 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 1.49%. First Horizon National Corporation (NYSE:FHN) has underperformed the index by 7.09% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). FHN operates through four segments: regional banking, capital markets, corporate and non-strategic. As of December 31, 2014, FHNs subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31, 2014, the Bank had 182 branch locations in seven states: 168 branches in Tennessee; 2 branches in northwestern Georgia; 7 branches in northwestern Mississippi; 2 branches in North Carolina, and one branch each in Virginia, South Carolina, and Florida. At December 31, 2014, FTN Financial products and services were offered through 27 offices in total, including 26 offices in 16 states across the United States plus an office in Hong Kong.