The short interest in Northern Trust Corporation (NASDAQ:NTRS) has increased from 2,745,050 on May 31,2016 to 2,938,124 on June 15,2016. The change was measured at 193,074 shares or 7%. The leftover shorts were 1.3% of the floated shares. The days to cover are 3, given the average daily volume of 1,136,086 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Northern Trust Corporation (NASDAQ:NTRS): The stock opened at $68.43 on Friday but the bulls could not build on the opening and the stock topped out at $68.43 for the day. The stock traded down to $65.47 during the day, due to lack of any buying support eventually closed down at $65.50 with a loss of -8.44% for the day. The stock had closed at $71.54 on the previous day. The total traded volume was 3,729,457 shares.
The company shares have dropped -14.13% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $79.25 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $70.97 and the 200 Day Moving Average price is recorded at $67.04.
Northern Trust Corporation (NASDAQ:NTRS) has tumbled 5.46% during the past week and has dropped 11.77% 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 3.89%. Northern Trust Corporation (NASDAQ:NTRS) has underperformed the index by 9.1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Companys operating segments include Corporate & Institutional Services (C&IS), Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States, Washington, D.C. and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. Asset Management, through the Companys various subsidiaries, supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Companys subsidiary is The Northern Trust Company.