Royal Bank Of Canada June 15th Short Interest Update

Royal Bank Of Canada (NYSE:RY), A drop of 1,452,059 shares or 4.6% was seen in the short interest of Royal Bank Of Canada. Even as the interest dropped from 31,387,823 shares on May 31,2016 to 29,935,764 shares on June 15,2016, the days to cover came in at 30. The updated interest stood at 2% of the stocks floats. The stock has seen an average daily volume of 1,014,217 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Royal Bank Of Canada (NYSE:RY): The stock opened at $59.83 on Friday but the bulls could not build on the opening and the stock topped out at $60.52 for the day. The stock traded down to $59.05 during the day, due to lack of any buying support eventually closed down at $59.39 with a loss of -4.87% for the day. The stock had closed at $62.43 on the previous day. The total traded volume was 2,452,727 shares.

The company shares have dropped -3.76% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $63.43 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $60.49 and the 200 Day Moving Average price is recorded at $55.73.

Royal Bank Of Canada (NYSE:RY) has tumbled 1.23% during the past week and has dropped 3.98% in the last 4 week period. The company has outperformed the S&P 500 by 0.41% in the past week but underperformed the index by 1.07% in the last 4 weeks.

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.

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