Brookfield Asset Management Inc (BAM) : Traders are negative on Brookfield Asset Management Inc (BAM), as it has 0.5% of short positions outstanding compared to its float. The total shorts have reduced by -94,134 shares, which is a -2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,806,609 to 4,712,475 shares. While the daily trading volume of the stock is 719,983, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Brookfield Asset Management Inc (NYSE:BAM): The stock opened at $34.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.60 for the day. The stock traded down to $34.17 during the day, due to lack of any buying support eventually closed down at $34.25 with a loss of -1.01% for the day. The stock had closed at $34.60 on the previous day. The total traded volume was 746,313 shares.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Company operates in eight segments: Asset Management, property, renewable energy, infrastructure, private equity, residential development, service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.