Associated Banc-Corp (ASB) : The traders have covered their outstanding shorts in Associated Banc-Corp (ASB) to the tune of -107,862 shares, a change of -3%. As on Jul 29, 2016, the outstanding shorts on the stock were 3,641,881 shares, however, by August 15, 2016, the shorts had reduced to 3,534,019 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.4% of the free float of the stock. It takes 7 days to cover the outstanding short positions. The stock has an average daily volume of 479,455 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Associated Banc-Corp (NYSE:ASB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.72 and $19.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.81, notching a gain of 0.66% for the day. The total traded volume was 497,778 . The stock had closed at $19.68 on the previous day.
In a related news, Utz John A., officer (Executive Vice President) of Associated Banc-Corp, unloaded 1,500 shares at an average price of $19.17 on August 5, 2016. The total amount of the transaction was worth $28,755, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Associated Banc-Corp (Associated) is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (Associated Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers, including businesses, developers, non-profits, municipalities, and financial institutions. The Community, Consumer, and Business segment serves individuals, as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management, Credit Administration, Finance, Treasury, Operations, and Technology.