The short interest in Santander Consumer USA Holdings (NYSE:SC) has increased from 8,819,567 on May 31,2016 to 9,885,492 on June 15,2016. The change was measured at 1,065,925 shares or 12.1%. The leftover shorts were 8.9% of the floated shares. The days to cover are 5, given the average daily volume of 2,048,791 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Santander Consumer USA Holdings (NYSE:SC): The stock opened at $10.15 on Friday but the bulls could not build on the opening and the stock topped out at $10.39 for the day. The stock traded down to $10.09 during the day, due to lack of any buying support eventually closed down at $10.21 with a loss of -4.67% for the day. The stock had closed at $10.71 on the previous day. The total traded volume was 3,510,941 shares.
The company shares have dropped -60.04% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $26.65 and the one year low was seen on Mar 16, 2016. The 50-Day Moving Average price is $11.78 and the 200 Day Moving Average price is recorded at $11.91.
Santander Consumer USA Holdings (NYSE:SC) has tumbled 2.39% during the past week and has dropped 18.9% 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 0.77%. Santander Consumer USA Holdings (NYSE:SC) has underperformed the index by 16.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.