Zions Bancorporation (ZION): Price Target and June Short Interest Disclosure

Zions Bancorporation (ZION) stock is expected to deviate a maximum of $3.49 from the average target price of $30.05 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $22.

Zions Bancorporation (ZION), According to the latest information the short interest in Zions Bancorporation plummeted by 10.4% or 1,418,872 shares. The final shorts are 6.1% of the total floated shares. The positions dropped from 13,594,814 shares on June 15,2016 to 12,175,942 on June 30,2016. According to the per-day average trading of 4,411,706 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Piper Jaffray upgrades its rating on Zions Bancorporation (NASDAQ:ZION). Analysts at the Piper Jaffray have a current rating of Overweight on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 7, 2016.


Zions Bancorporation (NASDAQ:ZION): stock turned positive on Thursday. Though the stock opened at $26.11, the bulls momentum made the stock top out at $26.29 level for the day. The stock recorded a low of $25.84 and closed the trading day at $26.02, in the green by 1.84%. The total traded volume for the day was 2,867,796. The stock had closed at $25.55 in the previous days trading.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

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