Short Interest Update on BancorpSouth (BXS)

BancorpSouth (BXS) : The traders have covered their outstanding shorts in BancorpSouth (BXS) to the tune of -29,431 shares, a change of -0.9%. As on Jul 29, 2016, the outstanding shorts on the stock were 3,272,845 shares, however, by August 15, 2016, the shorts had reduced to 3,243,414 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 3.8% of the free float of the stock. It takes 6 days to cover the outstanding short positions. The stock has an average daily volume of 574,834 shares. The short interest information was released on Wednesday Aug 24th after the market close.

BancorpSouth (NYSE:BXS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.06 and $24.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.10, notching a gain of 0.21% for the day. The total traded volume was 238,596 . The stock had closed at $24.05 on the previous day.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Executive VP) of Bancorpsouth Inc, Freeman Cathy Smith had sold 955 shares worth of $25,308 in a transaction dated November 6, 2015. In this transaction, 955 shares were sold at $26.5 per share.

BancorpSouth, Inc. is a financial holding company. The Company through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois. The Bank and its subsidiaries provide a range of financial services to individuals and small-to-medium size businesses. The Bank operates an insurance agency subsidiary, which engages in sales of insurance products. The Banks wealth management department offers a range of services, including investment brokerage services, personal trust and estate services, certain employee benefit accounts and plans, including individual retirement accounts and limited corporate trust functions. Its lending activities include both commercial and consumer loans. Deposits include noninterest bearing demand deposits, interest bearing demand deposits, savings and other time deposits.

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