OM Asset Management plc (NYSE:OMAM) has shown a rise of 17.5% or 84,277 shares in the short positions. The bets have increased to 564,508 shares on June 15,2016 from 480,231 shares on May 31,2016. With respect to the floated shares, the shorts are 1.4%. The days to cover are calculated to be 2, using the standard per day volume of 229,098 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
OM Asset Management plc (NYSE:OMAM): The stock opened at $13.88 on Friday but the bulls could not build on the opening and the stock topped out at $14.41 for the day. The stock traded down to $13.44 during the day, due to lack of any buying support eventually closed down at $13.55 with a loss of -6.74% for the day. The stock had closed at $14.53 on the previous day. The total traded volume was 2,096,455 shares.
The company shares have dropped -22.44% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $18.22 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $14.37 and the 200 Day Moving Average price is recorded at $13.20.
OM Asset Management plc (NYSE:OMAM) has tumbled 4.85% during the past week and has dropped 8.69% 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 3.27%. OM Asset Management plc (NYSE:OMAM) has underperformed the index by 5.93% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its seven affiliate firms (Affiliates). Its Affiliates include Acadian Asset Management LLC, a manager of global and international equity, fixed income and alternative strategies; Barrow, Hanley, Mewhinney & Strauss, LLC, an investment manager of the United States, international and global equities, fixed income and a range of balanced investment management strategies; Campbell Global, LLC, a timber and natural resource investment manager; Copper Rock Capital Partners LLC, an equity investment manager of small-cap international and global markets equity strategies; Heitman LLC, a real estate investment manager; Investment Counselors of Maryland, LLC, a domestic equity manager, and Thompson, Siegel & Walmsley LLC, an investment manager. Its affiliates offer a range of products in the United States markets equities and alternative investments, including timber and real estate.