Raymond James Financial June 15th Short Interest Update

Raymond James Financial (NYSE:RJF), A drop of 4,709 shares or 0.2% was seen in the short interest of Raymond James Financial. Even as the interest dropped from 2,488,685 shares on May 31,2016 to 2,483,976 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 2% of the stocks floats. The stock has seen an average daily volume of 886,983 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Raymond James Financial (NYSE:RJF): The stock opened at $49.99 on Friday but the bulls could not build on the opening and the stock topped out at $50.68 for the day. The stock traded down to $48.31 during the day, due to lack of any buying support eventually closed down at $48.89 with a loss of -9.43% for the day. The stock had closed at $53.98 on the previous day. The total traded volume was 1,983,491 shares.

The company shares have dropped -17.61% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $61.82 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $52.93 and the 200 Day Moving Average price is recorded at $49.93.

Raymond James Financial (NYSE:RJF) has tumbled 6.05% during the past week and has dropped 11.74% 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 4.49%. Raymond James Financial (NYSE:RJF) has underperformed the index by 9.06% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Raymond James Financial, Inc., is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. Private Client Group, offers securities transaction and financial planning services. Capital Markets, consist of equity, fixed income products and services. Asset Management, offers investment advisory services for individual and institutional investment portfolios, along with mutual funds. RJ Bank, provides corporate, SBL and residential loans, as well as FDIC insured deposit accounts, to clients of broker-dealer subsidiaries and to general public. Other Segment, includes principal capital and private equity activities, corporate overhead costs of Raymond James Financial such as interest cost on public debt, and the acquisition and integration costs.

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